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Latest News

Taxi industry calls for subsidies at public transport market inquiry, bemoans planning weakness

By: Marleny Arnoldi     4th June 2018 The South African National Taxi Council (Santaco) on Monday voiced its concerns about the state of the taxi industry on the first day of the Competition Commission’s land-based public passenger transport market inquiry, which is in its information gathering phase. The inquiry will look at various... 

Robben Island SleepOut event to celebrate Mandela’s centenary

By: Simone Liedtke     4th June 2018 On July 18 – what would have been Nelson Mandela’s centenary – 67 global influencers, business leaders and celebrities will spend the night inside the former maximum-security prison and courtyard on Robben Island, where Mandela spent 18 years, with the aim to raise $6.7-million. On the same... 

Robben Island SleepOut event to celebrate Mandela’s centenary
Nelson Mandela’s eldest daughter and Patron of The 2018 SleepOut Movement Dr Makaziwe Mandela with Pan African Parliament ambassador for food security Dr Brylyne Chitsunge

Prepare for greater generation competition, Radebe tells Eskom

By: Terence Creamer     4th June 2018 Energy Minister Jeff Radebe has hinted at possible dramatic changes in the structure of South Africa’s electricity supply industry, which is currently dominated by Eskom, a vertically integrated State-owned utility. During a recent stakeholder gathering the Minister responded strongly in the... 

Prepare for greater generation competition, Radebe tells Eskom

Eskom welcomes declaration of Ingula nature reserve

By: Simone Liedtke     4th June 2018 State-owned Eskom’s Ingula pumped storage scheme, in the Free State and KwaZulu-Natal, and its associated land, has formally been declared a nature reserve. The Ingula nature reserve is Eskom’s third following the establishment of the Koeberg nature reserve and the Majuba nature reserve, which... 

Land Bank welcomes board changes

By: Simone Liedtke     4th June 2018 The Land and Agricultural Development Bank of South Africa (Land Bank) has welcomed recent appointments to its board, which it believes will serve to strengthen its commitment to good corporate governance. The recent appointments include MA Moloto as the new chairperson of the board, D Hlatshwayo... 

Kenya launches pilot oil export scheme via Mombasa

By: Reuters     4th June 2018 Kenya has launched a pilot scheme to export crude oil via Mombasa as part of efforts to capitalise on the country's oil reserves. The East African country discovered commercial oil reserves in its Lokichar basin in 2012 and a 800 km (500 mile) pipeline is due to be built before production starts... 

Sars cuts deadline for tax returns

By: News24Wire      4th June 2018 The South African Revenue Service (Sars) said on Monday that the tax filing season, which kicks off on July 1, has been shortened by three weeks, in a bid to improve efficiency. "A shorter filing season allows additional time for Sars, taxpayers and the tax fraternity to deal with return... 

 Sars cuts deadline for tax returns

Iata, Deloitte publish Airport Ownership and Regulation guidance document

By: Natasha Odendaal     4th June 2018 The International Air Transport Association (Iata) and Deloitte have published a Airport Ownership and Regulation guidance booklet to assist governments considering public–private partnership (PPP) or privatisation programmes for airport infrastructure development. With the increasing demand for... 

ACSA launches campaign to rename four South African airports 

By: Simone Liedtke     4th June 2018 The Airports Company of South Africa (ACSA) has called for public comments and proposals for the renaming of four national and international airports in South Africa. As part of the government’s Transformation of the Heritage Landscape programme, Cape Town International Airport, East London... 

KPMG to lay off 400 employees in South Africa after graft scandal

By: Reuters     4th June 2018 Global auditor KPMG said on Monday it will lay off up to 400 people in South Africa, in its latest shake-up following a corruption scandal that saw it lose several major clients. The auditor has taken a number of steps since last September to help restore its reputation, including changes to... 

KPMG to lay off 400 employees in South Africa after graft scandal

Environmental activists challenge Radebe’s intention to build new coal-fired plants

By: Anine Kilian     4th June 2018 The Life After Coal Campaign, comprising environmental organisations EarthLife Africa, groundWork and the Centre for Environmental Rights (CER), together with Greenpeace, has called on Energy Minister Jeff Radebe to cancel plans to build two new coal-fired power plants – Thabametsi and Khanyisa.... 

Resgen seeks additional funding while Boikarabelo delay continues

By: Simone Liedtke     4th June 2018 ASX- and JSE-listed Resource Generation (Resgen) will, this month, table a submission with international commodities group Noble Resources, for the provision of additional funding for the anticipated working capital requirement arising from the development delay in Resgen’s... 

Despite rising costs, airlines showing strong profits

By: Natasha Odendaal     4th June 2018 The rising costs within the aviation industry have not dampened an expected year of solid performance, despite triggering a downward revision in forecasts and a slow downward trend in profits at the operating level. Despite accelerating costs, particularly fuel and labour costs, and an upturn in... 

Iata, Afraa in MoU deal to advance aviation in Africa

By: Natasha Odendaal     4th June 2018 The International Air Transport Association (Iata) and the African Airline Association (Afraa) have teamed up to pave the way for further development in the African aviation sector. A memorandum of understanding (MoU) signed in Sydney, Australia, this week deepens the cooperation between the... 

SA no longer has agreement with Russians on nuclear, says Radebe

By: News24Wire      4th June 2018 Minister of Energy Jeff Radebe told eNCA on Sunday evening that South Africa no longer had an agreement with the Russians to procure for the development of nuclear energy for the country. Speaking to journalist and political analyst Karima Brown on the news network’s show The Fix, Radebe said he... 

 SA no longer has agreement with Russians on nuclear, says Radebe
Energy Minister Jeff Radebe

Pain for South Africans as petrol price hits new record

By: News24Wire      1st June 2018 Both grades of petrol, 93 and 95 (ULP & LRP), will increase by a hefty 82c a litre on Wednesday, the Department of Energy (DoE) announced on Friday. Diesel 0.05% sulphur and diesel 0.005% sulphur will increase by 85c and 87c a litre respectively. 

 Pain for South Africans as petrol price hits new record

The train has left the station for African countries which did not sign continental free-trade area agreement

By: African News Agency      1st June 2018 Negotiators of the African Continental Free-Trade Agreement (AfCFTA), the largest trade agreement in 40 years, have said that they will not halt the implementation of the trade deal because of those countries which did not sign the agreement in March. South Africa, Nigeria and nine other... 

South Africa to release new-look renewables bid window in November

By: Terence Creamer     1st June 2018 Energy Minister Jeff Radebe announced on Friday that South Africa would launch a fifth Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) bid window in November with the aim of procuring a further 1 800 MW of renewable energy from independent power producers (IPPs).... 

South Africa to release new-look renewables bid window in November
Photo by Dylan Slater
Energy Minister Jeff Radebe

New-vehicle market shows improvement in all segments in May

By: Irma Venter     1st June 2018 The South African new-vehicle market grew by 2.4% in May, to 42 984 units, compared with the same month last year. Sales numbers released on Friday showed that May new-passenger car sales gained 0.7%, to reach 26 561 units. 

EU initiates WTO case against US steel, aluminium tariffs – WTO official

By: Reuters     1st June 2018 The European Union on Friday submitted a request for consultations with the United States on steel and aluminium tariffs announced by Washington, a first step in the WTO dispute settlement process, a World Trade Organization official said. "The WTO Secretariat has received the EU request for... 

Renergen impairs hydro project to focus on South African natural gas market

By: Simone Liedtke     1st June 2018 Integrated alternative energy business Renergen impaired its R12.2-million Côte d’Ivoire Hydro hydroelectric project, which was managed by its subsidiary, Mega Power Renewables, during the 2018 financial year and shifted its focus to the South African natural gas market. The impairment decision... 

Competition Commission to host public hearings into public passenger transport sector

By: Marleny Arnoldi     1st June 2018 The Competition Commission will hold public hearings into the land-based public passenger transport market from June 4 to 6, at Constitution Hill, in Johannesburg, and from June 7 to 8 at Manhattan Hotel, in Pretoria.  

JDA undertakes R52m public transport facility upgrades

By: Simone Liedtke     1st June 2018 The Johannesburg Development Agency (JDA) has appointed Alberton-based road construction company Boitshoko Construction Road & Surfacing to undertake the first phase upgrade of the Merafe railway station, in Soweto.   

Property sector increasingly embracing solar PV plants

By: Marleny Arnoldi     1st June 2018 JSE-listed real estate investment trust South African Corporate Real Estate (Sacre) will invest more than R30-million to install rooftop solar photovoltaic (PV) plants to help curb ever-rising electricity tariffs at its malls and reduce their carbon footprint.  

Property sector increasingly embracing solar PV plants
Montana Crossing solar panel rooftop

Absa PMI falls in May after new sales fall

By: Reuters     1st June 2018 South Africa's seasonally adjusted Absa Purchasing Managers' Index (PMI) dipped in May, sliding back into negative terrain after two successive months of expansion in the beginning of the year, a survey showed on Friday. The index, which is compiled by the Bureau for Economic Research and gauges... 

Rising attacks on cash-carrying vans pose threat to economy

By: African News Agency      1st June 2018 A renewed surge in attacks on armoured trucks that transport vast amounts of money between retailers and banks is hurting South Africa's economy, given that the bulk of transactions in the country are still conducted in hard cash, industry officials said this week. Cash-in-transit (CIT) attacks... 

South African precious metals recycling innovation reaches Africa Prize finals

By: Anine Kilian     1st June 2018 An innovation that uses a cheap and sustainable recycling method to recover precious metals has made it into the finals of the 2018 Africa Prize for Engineering Innovation.    

Large-scale migration within Africa boosts continent’s economy – UN

By: African News Agency      1st June 2018 The UN has urged the world to dispel misconceptions and “harmful narratives” on the issue of large-scale migration within Africa, stating that this migration actually boosts growth and lift’s the continent’s economy. This follows a new report which was launched on Thursday by Mukhisa Kituyi, the... 

Metair seeks to acquire Slovenian battery manufacturer for €300m

By: Marleny Arnoldi     1st June 2018 JSE-listed energy storage and automotive component manufacturer Metair has submitted an indicative nonbinding offer to acquire battery manufacturer Tovarna Akumulatorskih Baterij (TAB), in Slovenia.  

Metair seeks to acquire Slovenian battery manufacturer for €300m

Distell relists on the JSE

By: Anine Kilian     1st June 2018 Beverage producer Distell relisted on the beverage sector of the JSE on Friday. “Today marks an important journey in our company’s evolution as it simplifies a historically multitiered ownership structure of Distell, through investment holding company Capevin, providing investors with a... 

Electric vehicle sales to reach 1.6m this year, battery prices tumbling

By: Irma Venter     1st June 2018 Electric vehicle (EV) sales are on pace to reach more than 1.6-million units this year, up from just a few hundred thousand in 2014. According to Bloomberg New Energy Finance’s (BNEF’s) Electric Vehicle Outlook 2018, there are a number of reasons for this increase, including the fact that... 

Electric vehicle sales to reach 1.6m this year, battery prices tumbling

As Eskom grapples with corporate plan, calls being made for radical restructuring 

By: Dylan Slater     1st June 2018 In a concerted effort to save and stabilise State-owned power utility Eskom as well as other deteriorating State-owned entities (SoEs), Public Enterprises Minister Pravin Gordhan announced in his Budget vote in May plans in the next 12 months that include the appointment of capable executive... 

As Eskom grapples with corporate plan, calls being made for radical restructuring

Civil society seeks to protect Mpumalanga water source from coal mining impact

By: Simone Liedtke     31st May 2018 New legal proceedings have been launched in the Mbombela High Court against Atha-Africa Ventures’ proposed development of the Yzermyn coal mine inside a protected area and strategic water resource area, in Mpumalanga. A coalition of eight community and civil society organisations have lodged a... 

Rics, GBCSA sign MoU for collaboration on sustainable development

By: Marleny Arnoldi     31st May 2018 The Royal Institution of Chartered Surveyors (Rics) has signed a landmark memorandum of understanding (MoU) with the Green Building Council of South Africa (GBCSA). With smart urbanism and sustainability the overall theme at this year’s Rics Summit Africa, the MoU represents a commitment by both... 

Rics, GBCSA sign MoU for collaboration on sustainable development
Rics president John Hughes signs a memorandum of understanding with GBCSA nonexecutive deputy chairperson Nkosinathi Manzana

Infrastructure development key to meeting consumer demand in megacities – economist

By: Marleny Arnoldi     31st May 2018 There are rapidly growing megacities, including Accra, Cairo, Lagos, Johannesburg, Nairobi and Kinshasa, in Africa, and it is important to ensure infrastructure development grows at a pace that will meet the increasing consumer demand that will come out of these megacities, said Imara Africa... 

Infrastructure development key to meeting consumer demand in megacities – economist
Imara Africa Consulting managing partner Barbara Barungi speaking at the Rics Summit Africa 2018

South African steel companies urged to diversify markets in wake of US tariff setback

By: Kim Cloete     31st May 2018 South African steel companies need to continue to look for new markets, particularly in Africa, following the recent setback in which the US government decided not to grant South Africa an exemption on steel and aluminum tariffs, says Economic Development Minister Ebrahim Patel. “We will need to... 

South African steel companies urged to diversify markets in wake of US tariff setback
Economic Development Minister Ebrahim Patel

Summit discusses built environment trends, considerations for thriving Africa development

By: Marleny Arnoldi     31st May 2018 It has been a tumultuous period for the African continent, as since 2014 there have been many pressures affecting the macroeconomic environment – commodity prices took a significant knock, some economies dipped into a recession and the pressure was on from a number of credit ratings agencies.  

Summit discusses built environment trends, considerations for thriving Africa development
Rics CEO Sean Tompkins

Nxesi launches expedited lease renewal process

By: Simone Liedtke     31st May 2018 Public Works Minister Thulas Nxesi on Thursday held a meeting with client departments, private landlords and other stakeholders to expedite finding a resolution to expired leases and the signing of long-term leases, including the so-called “9.11 leases” that are valid for nine years and eleven... 

Nxesi launches expedited lease renewal process
Photo by Creamer Media
Public Works Minister Thulas Nxesi

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