http://www.engineeringnews.co.za
R/€ = 16.08 Change: -0.02
R/$ = 14.20 Change: -0.02
Au 1213.30 $/oz Change: 0.40
Pt 842.50 $/oz Change: 6.48
 

Latest News

SA Express on track to relaunch Cape Town base by January 2019

By: Marleny Arnoldi     29th October 2018 State-owned airline SA Express is charting a new path, since having returned to the skies in August, which is evidenced in the way it has managed to stabilise the business and maintain its operational performance in the past two months. To date, eight of its 18 aircraft have been recertified to... 

Rail Enforcement Unit launched in Cape Town

By: African News Agency      29th October 2018 A much-anticipated Rail Enforcement Unit was launched during a ceremony on Cape Town railway station on Monday morning, with the hope of securing the safety of passengers and critical infrastructure on the city's beleaguered rail network. The establishment of the unit follows the memorandum of... 

Rail Enforcement Unit launched in Cape Town

Cosatu plans march to Union Buildings to protest against e-tolls

By: News24Wire      29th October 2018 The Congress of South Africa Trade Unions (Cosatu) in Gauteng is expected to march to the Union Buildings in Pretoria on Friday to protest against e-tolling. "We will march to the office of the president to bring an end to the e-tolling system," provincial secretary Dumisani Dakile said. He said... 

Cosatu plans march to Union Buildings to protest against e-tolls

British Airways starts new Heathrow - Joburg services

By: African News Agency      29th October 2018 British Airways has started four new weekly services between London and Johannesburg, increasing the number of direct flights between the cities to 18 a week.  The British Airways' London-Johannesburg service started on Sunday and comes as the airline also opens a new route from London to Durban... 

Gordhan says anti-graft efforts face 'dangerous fightback'

By: Reuters     29th October 2018 Public Enterprises Minister Pravin Gordhan said on Sunday that efforts to clean up corruption in state-owned companies (SOCs) faced "dangerous" resistance which threatened the country's sovereignty. Gordhan, a former finance minister, has been tasked by President Cyril Ramaphosa with cleaning up... 

MTN posts positive Q3 financial results 

By: Natasha Odendaal     29th October 2018 JSE-listed MTN on Monday posted positive third-quarter results after achieving an improved operational performance in many of the markets in which it operates during the three months to September 30. The group reported a particularly strong operational performance in Nigeria and Ghana, while some... 

MTN posts positive Q3 financial results

Business concerned about coal sector job losses

By: Kim Cloete     26th October 2018 The National Society of Black Engineers (NSBE) and the Black Business Council (BBC) have called for amendments to the Integrated Resource Plan (IRP) 2018, telling Parliament's Portfolio Committee on Energy, on Friday, that the draft plan, with its emphasis on renewable energy rather than coal,... 

Rail industry plagued by theft, vandalism

By: Simone Liedtke     26th October 2018 Train collisions accounted for the highest number of safety incidents in the rail sector during 2017/18, the Railway Safety Regulator’s (RSR’s) annual ‘State of Safety’ report, shows. Other prominent incidents included fires, platform train interchange incidents, people being struck by trains and... 

Three Joburg properties open for public tender as part of inner city rejuvenation

By: Tasneem Bulbulia     26th October 2018 The City of Joburg (CoJ) has released information about three inner city properties that are now open for public tender by potential developers, as part of its inner-city rejuvenation project that comprises over 80 buildings and plots for renovation. This project aims to fulfil the city’s vision... 

NGOs criticise IRP public hearings process

By: Kim Cloete     26th October 2018 Energy Governance South Africa (EGSA) has expressed concern about the way the public hearings process into the Integrated Resource Plan (IRP) has been conducted in Parliament, saying it had been a "one-way flow of information, without interrogation and interaction". The organization has penned a... 

Salga calls for new electricity demand forecasts

By: Kim Cloete     26th October 2018 The South African Local Government Association (Salga) has called for a reduced demand forecast for electricity to be included in the Integrated Resource Plan (IRP) 2018, in line with the slowdown in electricity sales and a drop in customer demand. Salga says the forecasts contained in the draft... 

Ramaphosa declares end to 'investment strike' and unveils R290bn in commitments  

By: Terence Creamer     26th October 2018 President Cyril Ramaphosa declared an end to South Africa's proverbial 'investment strike', when he unveiled firm investment commitments of R290-billion across a diverse range of sectors, from mining and energy to infrastructure and manufacturing, at a well attended and vibrant investment... 

Ramaphosa declares end to 'investment strike' and unveils R290bn in commitments
President Cyril Ramaphosa

Hanekom working "very closely" with Gigaba on visa regime to renew tourism industry

By: African News Agency      26th October 2018 Tourism minister Derek Hanekom said on Friday that he was working "very closely together" with home affairs minister Malusi Gigaba to rectify South Africa's visa regime in a bid to attract more travelers into the country and boost investment and tourism. Last month, Gigaba announced that South... 

Hanekom working
Tourism Minister Derek Hanekom

Electric cargo bike pilot study to kick off in Sharpeville in November 

By: Irma Venter     26th October 2018 Two electric cargo bikes (e-bikes) will start operations, in Sharpeville, Gauteng, at the end of November. The pilot project, a partnership between the Gauteng government and the German federal government, is funded by the German government. 

Electric cargo bike pilot study to kick off in Sharpeville in November

Legaro’s 78 Corlett drive building achieves highest green star rating

By: Tasneem Bulbulia     26th October 2018 Lifestyle and commercial property developer Legaro has been given an award for developing South Africa’s highest-rated green building, 78 Corlett drive, in Melrose North. The award was presented at the Green Building Council of South Africa’s (GBCSA’s) eleventh Green Building Convention gala... 

SA revenue projections credit negative – Moody's 

By: African News Agency      26th October 2018 Ratings agency Moody’s, which still rates South Africa at investment grade after peers Fitch and S&P Global cut it to 'junk', says the revenue projections in the medium term budget policy statement delivered by Finance Minister Tito Mboweni this week are credit negative. Mboweni told parliament... 

 SA revenue projections credit negative – Moody's

Eskom welcomes Fitch Ratings’ decision

By: Marleny Arnoldi     26th October 2018 Ratings agency Fitch Ratings has affirmed Eskom’s long-term local currency issuer default rating and unguaranteed local currency senior unsecured ratings of ‘BB-’ . Fitch also maintained the national long-term rating at ‘A(zaf)’ and the national short-term rating at ‘F1(zaf)’.  

Eskom welcomes Fitch Ratings’ decision

CSIR points to 30 000 net jobs gain in electricity to 2030, despite fall in coal jobs 

By: Terence Creamer     26th October 2018 An analysis of the Department of Energy’s (DoE’s) recommended plan in the draft Integrated Resource Plan 2018 (IRP 2018) shows that there will be a 30 000 net increase in employment in the electricity industry to 2030, despite a 100 000 fall in coal jobs over the period. In its formal response to... 

CSIR points to 30 000 net jobs gain in electricity to 2030, despite fall in coal jobs

Investment Conference: Hundreds of billions of rands already pledged

By: News24Wire      26th October 2018 Several companies made major investment announcements during President Cyril Ramaphosa's Investment Conference, which called to rally investors to plough money into the country’s ailing economy. These include Sappi (R7.7-billion), Mondi SA (R8-billion), Rain (R1-billion), Mara (R1.5-billion),... 

 Investment Conference: Hundreds of billions of rands already pledged
President Cyril Ramaphosa

South Africa committed to protecting property rights – Ramaphosa

By: Reuters     26th October 2018 President Cyril Ramaphosa used an investment summit on Friday to reassure investors that his government was committed to protecting property rights as it pursues plans to accelerate the pace of land redistribution. "We are committed as government to pursuing a comprehensive approach to land and... 

South Africa committed to protecting property rights – Ramaphosa
President Cyril Ramaphosa

Ramaphosa seeks new investment pledges as economy struggles

By: Reuters     26th October 2018 President Cyril Ramaphosa will seek billions of dollars of new spending pledges from foreign investors and local firms at an investment summit on Friday, as he seeks to haul the economy out of recession before next year's election. The former union leader wants $100-billion of new investments... 

Ramaphosa seeks new investment pledges as economy struggles
President Cyril Ramaphosa

City of Cape Town delays decision on social housing project

By: News24Wire      26th October 2018 The Cape Town City council was scheduled on Thursday to announce its decision on the sale of City-owned land to housing non-profit organisation Communicare for redevelopment for social housing, GroundUp has reported. But the decision was pushed back to the next council meeting because "the DA... 

LafargeHolcim cuts full-year earnings forecast as costs bite

By: Reuters     26th October 2018 LafargeHolcim increased its sales outlook for 2018 but reduced its profit expectations as the world's largest cement maker reported better-than-expected earnings during its third quarter. The Swiss company said on Friday it now expected annual sales to grow in the 4% to 6% range, up from its... 

E-tolls are 'not part of the future of this province' – Gauteng ANC 

By: News24Wire      26th October 2018 The African National Congress (ANC) in Gauteng has joined thousands of voices as it reiterated its stance on the scrapping of e-tolls. "Let there be no confusion, they are not part of the future of this province. We will have to work out how to pay for the roads but not through the e-tolls,"... 

E-tolls are 'not part of the future of this province' – Gauteng ANC
Gauteng Premier David Makhura

Industry 4.0 won’t be a death knell for mining jobs, but will require reskilling

By: Natasha Odendaal     26th October 2018 The rapid developments around the concept of the mine of the future and the Fourth Industrial Revolution (4IR) are sending mixed reactions over jobs in what is a struggling sector. However, stalling or adopting what is inevitable, in a slow fashion, will deliver penalties for the economy on an... 

Industry 4.0 won’t be a death knell for mining jobs, but will require reskilling

Mixed picture emerges of state of SA’s road bridges following deadly Genoa collapse

By: Nadine James     26th October 2018 In light of the highly publicised Genoa bridge collapse, in Italy, as well as the abrupt closure of Johannesburg’s M2 east highway, questions surrounding the structural integrity of South African bridges have been raised. Bridges that fall within the South African National Road Agency Limited’s... 

Mixed picture emerges of state of SA’s road bridges following deadly Genoa collapse

Ramaphosa inaugurates R1bn train manufacturing facility, training centre in Nigel 

By: Nadine James     25th October 2018 President Cyril Ramaphosa on Thursday officially opened the R1-billion, 78 ha Gibela train manufacturing facility at Dunnottar Park, in Nigel, east of Johannesburg. Members of the Southern African Development Community Secretariat, Passenger Rail Agency of South Africa (PRASA) acting group CEO... 

Ramaphosa inaugurates R1bn train manufacturing facility, training centre in Nigel

Eskom to add 6 500 km of high-voltage transmission lines by 2028

By: Marleny Arnoldi     25th October 2018 Power utility Eskom plans to add about 6 500 km of high-voltage transmission lines and 46 000 MVA of transformer capacity in the next ten years, its latest Transmission Development Plan (TDP), for the period from 2019 to 2028, shows. The TDP, which was released on Thursday, also demonstrates... 

MMP announces shortlist of three in rock-drill innovation challenge 

By: Irma Venter     25th October 2018 The Mandela Mining Precinct (MMP) has announced the three winners of phase 1 of its Isidingo Drill open innovation challenge. They are Novatek, HPE and Fermel. Fermel is a Gauteng-based manufacturer of mechanised machinery for underground hardrock and flameproof mining operations. 

MMP announces shortlist of three in rock-drill innovation challenge
Clen Cook and Alastair Macfarlane

ICT company continues to deliver on growth plans in H1

By: Simone Liedtke     25th October 2018 Information and communications technology (ICT) provider Allied Electronics (Altron) continued to deliver on its growth plans and reduce its debt, and completed the divestment of noncore assets in the six months to August 31. During a conference call on Thursday, the JSE-listed company noted that... 

ICT company continues to deliver on growth plans in H1
Altron group CE Mteto Nyati

MTBPS highlights 

25th October 2018 Creamer Media's Chanel de Bruyn speaks to Engineering News Editor Terence Creamer about the main issues discussed by Finance Minister Tito Mboweni during his maiden Medium-Term Budget Policy Statement speech on Wednesday. 

MTBPS highlights
MTBPS highlights

Mboweni doubts SAA will find equity partner in current state 

By: Reuters     25th October 2018 Finance Minister Tito Mboweni said on Thursday that he doubted that the government would find an investor to take an equity stake in struggling State-run South African Airways (SAA) in its current financial state. "I doubt you are going to find an equity partner who will come into SAA in this... 

BTT starts construction on Richards Bay LPG storage facility  

By: Tasneem Bulbulia     25th October 2018 Bulk liquid storage operator Bidvest Tank Terminals (BTT) on Thursday celebrated the start of construction on its R1-billion mounded liquified petroleum gas (LPG) storage facility in Richards Bay. The facility is set to house the largest tanks in the world once completed and is anticipated to... 

BTT starts construction on Richards Bay LPG storage facility

Giuricich Bros secures Vukile investment for new prime offices

By: African News Agency      25th October 2018 Family-owned construction firm Giuricich Bros said on Thursday JSE-listed retail real estate investment trust Vukile Property Fund had acquired a substantial section of its new premium-grade offices in Rosebank. Giuricich began work on the 6 400 m2 office block development in September 2017 and... 

Mboweni calls for swift action on debt to avoid needing IMF assistance 

By: Reuters     25th October 2018 Finance Minister Tito Mboweni said on Thursday South Africa had to act swiftly on its debt levels to avoid having to turn to the International Monetary Fund for help, a day after his bleak medium-term budget speech rattled markets. Mboweni predicted wider budget deficits and cut growth forecasts... 

Mboweni calls for swift action on debt to avoid needing IMF assistance
Photo by Reuters
Finance Minister Tito Mboweni

Rand not taking the bait on Mboweni's budget

By: African News Agency      25th October 2018 The medium-term budget seems to have done little to allay business and consumer fears as the rand was not convinced on Thursday by reforms announced by government. Finance minister Tito Mboweni on Wednesday delivered the medium-term budget policy statement (MTBPS) outlining that government was... 

Rand not taking the bait on Mboweni's budget
Finance Minister Tito Mboweni

Mind the debt trap, Mboweni warns 

By: African News Agency      25th October 2018 Finance Minister Tito Mboweni on Thursday warned that reprioritising spending was the only way for South Africa to avoid falling into a debt trap and losing autonomy over its finances. Mboweni told a joint sitting of Parliament's standing and select committees on finance and appropriations the... 

 Mind the debt trap, Mboweni warns
Finance Minister Tito Mboweni

Ramaphosa to attend G20 investment summit in Germany – Cabinet

By: African News Agency      25th October 2018 President Cyril Ramaphosa will travel to Germany next week for the G20 Investment Summit after receiving an invite from German Chancellor Angela Merkel, government said on Thursday. In a statement on Wednesday's fortnightly cabinet meeting, government said the summit will involve a meeting of... 

 Ramaphosa to attend G20 investment summit in Germany – Cabinet
President Cyril Ramaphosa

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
Free daily email newsletter Register Now
Register Close