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Latest News

Scaw expands chain-making capacity with R110m investment in automated plant

By: Terence Creamer     6th April 2017 Specialist steel products manufacturer Scaw Metals has invested R110-million to expand and modernise the production of large-diameter chain and masterlink components at its McKinnon Chain factory in Vereeniging, in southern Gauteng. Large-diameter chains are used in various industries for lifting... 

Regionalisation strategy needed for South African automotive manufacturers to grow

By: Shirley le Guern     6th April 2017 South African automotive manufacturers need to drive a strong regionalisation strategy in Africa, according to National Association of Automotive Component and Allied Manufacturers of South Africa (Naacam) president Dave Coffey. Welcoming guests to the first Naacam show, which has been billed as... 

UWP Consulting lifts black ownership to 51%

By: Anine Kilian     6th April 2017 Civil engineering consulting firm UWP Consulting has announced that it is now wholly owned by its employees, with 51% of shares held by black employees at all levels. “A milestone has been achieved in UWP’s transformation journey with the formation of the UWP Black Employees Trust (Ubet), which... 

Higher local content in SA-made vehicles could create 49 000 jobs, says Barnes 

By: Irma Venter     6th April 2017 Achieving 60% local content on vehicles assembled in South Africa will make a significant impact on the South African economy, including the creation of 49 000 new jobs and an additional R68-billion in gross domestic product, says Automotive Masterplan lead and B&M Analysts chairperson Dr Justin... 

Higher local content in SA-made vehicles could create 49 000 jobs, says Barnes
Naacam president Dave Coffey, Volkswagen Group South Africa MD Thomas Schäfer, Ethekwini Mayor Zandile Gumede, Trade and Industry Minister Dr Rob Davies and Naacam executive director Renai Moothilal at the Naacam Show

Global steel market to fall into deficit by 2020 – BMI

By: Anine Kilian     6th April 2017 The global steel market will tighten in coming years and eventually go into a deficit in 2020, says research firm BMI.  Despite the slowing in both global production and consumption growth, larger increases in absolute consumption, compared with production, will lead to a tightening of the market. 

Nonhedging farmers to lose thousands of rands per maize ton, says Standard Bank

By: Creamer Media Reporter      6th April 2017 Maize producers are likely to lose up to R1 860/t , offsetting the third-largest production season on record, as 60% of producers chose not to hedge their prices and lost gains when grain prices reversed, says Standard Bank. It is expected maize production will rise to 14.32 million tons this year. 

Adaptable Lifting Solutions for Engineering Projects 

     6th April 2017 Lifting solutions company SA French recently showcased its permanent and temporary lifting gear in an effort to show customers its potential in various sectors.  

Adaptable Lifting Solutions for Engineering Projects
Adaptable Lifting Solutions for Engineering Projects

African airline capacity up 2.3% y/y in February

By: Megan van Wyngaardt     6th April 2017 African airlines achieved strong growth in passenger traffic of 7.1% year-on-year in February, the International Air Transport Association (Iata) said on Thursday. This mainly reflected the upturn on the key route to and from Europe, offsetting struggles in the region’s biggest economies, Nigeria... 

Platinum has best price improvement prospects – Major

By: Martin Creamer     6th April 2017 Platinum has better price improvement prospects than virtually any other commodity, Cadiz Corporate Solutions mining director Peter Major said on Thursday. Speaking at a breakfast to publicise the upcoming Junior Indaba on June 7 and 8, Major cast doubt on gold going much higher, said iron-ore... 

Platinum has best price improvement prospects – Major
Cadiz Corporate Solutions mining director Peter Major

Zuma pledges to transform economy for poor

By: Reuters     6th April 2017 President Jacob Zuma pledged on Thursday to redistribute wealth in the economy to poor black people as part of a policy he calls "radical socio-economic transformation". "We mean the fundamental change in the structure, systems, institutions and patterns of ownership, management and control of... 

Zuma pledges to transform economy for poor
President Jacob Zuma

And then there were 3: Joemat-Pettersson resigns as MP

By: News24Wire      6th April 2017 Former Energy Minister Tina Joemat-Pettersson has also resigned from Parliament. The former minister lost her job when President Jacob Zuma reshuffled his cabinet on Friday, March 31. 

And then there were 3: Joemat-Pettersson resigns as MP
Former Energy Minister Tina Joemat-Pettersson

Bell Equipment signs BEE deal with women-owned entity

By: Megan van Wyngaardt     6th April 2017 Heavy equipment manufacturer Bell Equipment has signed a black economic empowerment (BEE) agreement with SiBi Capital, an entity entirely owned and managed by black women. When concluded, SiBi Capital will hold 22.5% of Bell Equipment Sales South Africa (Bessa), the wholly owned subsidiary of... 

Mars-bound Marais appointed SAP Head of Innovation

By: African News Agency      6th April 2017 SAP Africa, the software giant, has appointed prominent astronaut and multiple award winner, Dr Adriana Marais, as head of innovation. Based at head office in Johannesburg, South Africa, she will lead the Internet of Things (IoT) Lab, the Co-Innovation Lab initiatives, as well as other innovation... 

Madonsela calls on Zuma to withdraw 'state capture' report court challenge

By: News24Wire      6th April 2017 Former Public Protector Thuli Madonsela on Wednesday called on President Jacob Zuma to withdraw his High Court in Pretoria application to review and set aside the remedial action recommendations in the State of Capture report. She said Zuma should immediately appoint a commission of inquiry or... 

Madonsela calls on Zuma to withdraw 'state capture' report court challenge
Photo by Duane Daws
Former Public Protector Thuli Madonsela

DTI approves R4.9bn in incentives for clothing, textile sector

By: Creamer Media Reporter      6th April 2017 South Africa’s clothing and textile sector has saved thousands of jobs with the assistance of the Department of Trade and Industry’s (DTI’s) production incentives programme within the Clothing and Textiles Competitiveness Programme. The DTI approved R4.9-billion in incentives, with more than... 

Mcebisi Jonas resigns as MP

By: News24Wire      6th April 2017 Former deputy finance minister Mcebisi Jonas has resigned from Parliament. "The Office of the ANC [African National Congress] Chief Whip confirms the resignation of former Deputy Finance Minister and ANC MP Cde Mcebisi Jonas as a member of parliament effective 31 March 2017," ANC chief whip media... 

Mcebisi Jonas resigns as MP
Photo by Reuters
Mcebisi Jonas & Pravin Gordhan

'Junk'-rated debt could cost South Africa more than $10bn in lost funds

By: Reuters     6th April 2017 If South Africa loses two of its prized investment grade credit ratings for foreign and local currency borrowing in the turmoil triggered by the sacking of the finance minister, the country could lose more than $10-billion in investment funds. S&P Global has already struck. In an unscheduled... 

Echo Polska raises R2.2bn in bookbuild

By: Megan van Wyngaardt     6th April 2017 JSE-listed Polish property group Echo Polska Properties (EPP) on Wednesday raised about R2.2-billion in an accelerated bookbuild through the placing of 118-million new shares at a price of R18.50 apiece. The capital will be used for previously announced acquisitions and for further acquisition... 

NexOptic unveils revolutionary flat lens slated to disrupt optics as we know it

By: Henry Lazenby     5th April 2017 Upstart Vancouver-based technology firm NexOptic Technology and acquisition target Spectrum Optix on Tuesday night for the first time publicly unveiled field test images taken with the company’s proprietary new Blade Optics telescope prototype, an invention that changes humanity’s understanding... 

NexOptic unveils revolutionary flat lens slated to disrupt optics as we know it
Photo by NexOptic Technology
The Spectrum Blade Optics telescope disrupts our 400-year old understanding of how lenses work

Bidcorp buys Spanish foodservice group

By: Reuters     5th April 2017 South Africa's Bid Corporation (Bidcorp) has bought a 90% stake in Spanish foodservice group Guzman Gastronomia and Cuttings, it said on Wednesday without disclosing the value. Bidcorp, spun out of Bidvest last year in a $5-billion listing on the Johannesburg Securities Exchange, said in February... 

Competition Commission refers Kawasaki Kisen Kaisha to Tribunal

By: Natasha Odendaal     5th April 2017 The Competition Commission has lodged a complaint with the Competition Tribunal against Japanese company Kawasaki Kisen Kaisha. The firm is one of four companies investigated by the commission and found to have been involved in a cartel transporting Toyota vehicles by sea to and from South Africa... 

Mindset, technology changes needed to operate ports of the future

By: Shirley le Guern     5th April 2017 Current ways of operating ports and port cities are not viable or sustainable and a complete change in mindset, technology and skills would be needed in the very near future, Norton Rose Fulbright Attorneys national transport team head and master mariner Malcolm Hartwell said this week. “Ships... 

Progress made in the Hydrogen South Africa research, development and innovation programme 

     5th April 2017 Creamer Media's Chanel de Bruyn speaks to Engineering News Senior Deputy Editor Keith Campbell about the latest developments with the Hydrogen South Africa research, development and innovation programme. 

Progress made in the Hydrogen South Africa research, development and innovation programme
Progress made in the Hydrogen South Africa research, development and innovation programme

Corruption a major impediment to small business

By: Megan van Wyngaardt     5th April 2017 Corruption Watch executive director David Lewis believes the role of small and medium-sized enterprises in the local economy is still not appreciated, even though these entities are most likely the key to unlocking economic growth. The lack of capacity and funds were the sector’s biggest... 

South Africa faces ‘severe and very grave’ situation – Busa 

By: Megan van Wyngaardt     5th April 2017 Business Unity South Africa (Busa) on Wednesday said it regarded the current political and economic situation, which includes the recent Cabinet reshuffle and the country’s downgrade to junk status by Standard & Poor’s as a “severe and very grave” situation. At an AHI small and medium-sized... 

DEA suspends activities at EnviroServ’s Shongweni landfill site

By: Creamer Media Reporter      5th April 2017 The Department of Environmental Affairs (DEA) on Tuesday suspended the acceptance, treatment and disposal of waste at EnviroServ Waste Management’s Shongweni landfill site, in eThekwini, KwaZulu-Natal, which failed to comply with provisions of the law and conditions of its Waste Management... 

Sappi launches second trial demonstration plant to advance biomaterials, bio-energy strategy

By: Anine Kilian     5th April 2017 Pulp and paper producer Sappi has launched its second trial generation renewable sugar extraction demonstration plant at its Ngodwana mill, in Mpumulanga. The demonstration plant, launched on Wednesday, in partnership with Finnish pulp and paper technology supplier Valmet, will explore and... 

Sappi launches second trial demonstration plant to advance biomaterials, bio-energy strategy

Cabinet reshuffle, downgrade concerns South Africa’s engineers – Cesa

By: Creamer Media Reporter      5th April 2017 Consulting Engineers South Africa (Cesa) on Wednesday added its voice to those that have expressed concern over the latest Cabinet reshuffle and subsequent Standard & Poor’s (S&P’s) downgrade of South Africa to sub-investment grade. The industry association said the move risked exacerbating an... 

Business confidence falls, outlook gloomy

By: Reuters     5th April 2017 Business confidence in South Africa fell in March from February and was likely to decline further due to the rising political tension, a survey showed on Wednesday. President Jacob Zuma's decision last week to fire Finance Minister Pravin Gordhan has rattled markets and led S&P Global Ratings to... 

South Africa’s institutions need to be protected, strengthened – Jonas  

By: Megan van Wyngaardt     5th April 2017 South Africa’s institutions have either been forsaken or deliberately weakened for political expedience, with State transformation becoming so politicised that economics is almost just about political power, former Deputy Finance Minister Mcebisi Jonas said on Wednesday. Speaking a week after... 

South Africa’s institutions need to be protected, strengthened – Jonas
Former Deputy Finance Minister Mcebisi Jonas speaks on the strengths of the country's institutions. Video: Nicholas Boyd. Editing: Lionel da Silva. 05/04/2017

Fuzile confirms his 'imminent departure' from Treasury

By: Creamer Media Reporter      5th April 2017 Highly respected National Treasury director-general Lungisa Fuzile has confirmed his imminent departure from the department. Fuzile’s contract was due to end in May 2018. However, prior to the axing of former Finance Minister Pravin Gordhan on March 31, the director-general requested a... 

Fuzile confirms his 'imminent departure' from Treasury
Lungisa Fuzile

‘Break down in relationship’ between Zuma, Gordhan led to axing

By: African News Agency      5th April 2017 President Jacob Zuma sacked Finance Minister Pravin Gordhan because their relationship had irretrievably broken down, the African National Congress (ANC) said on Wednesday. ANC secretary Gwede Mantashe said the ANC national working committee (NWC) accepted Zuma’s reason of the breakdown in... 

‘Break down in relationship’ between Zuma, Gordhan led to axing
Photo by Duane Daws
Jacob Zuma & Pravin Gordhan

Zuma told top ANC officials of plan to sack Gordhan in December

By: Reuters     5th April 2017 President Jacob Zuma had briefed top officials at the African National Congress (ANC) in December of his decision to dismiss former finance minister Pravin Gordhan, but the leaders persuaded him to delay the sacking, a top ANC official said. Speaking at a media briefing after two days of meetings... 

Zuma told top ANC officials of plan to sack Gordhan in December
Photo by Reuters
Pravin Gordhan & Jacob Zuma

CSIR’s formal IRP submission deviates dramatically from Base Case 

By: Terence Creamer     5th April 2017 The Council for Scientific and Industrial Research’s (CSIR’s) formal input into the Integrated Resource Plan (IRP) public consultation process, which ended on March 31, proposes a new-build mix that deviates materially from the IRP Base Case released by the Department of Energy (DoE) in November.... 

CSIR’s formal IRP submission deviates dramatically from Base Case

ANC stands by Zuma, rejects calls for President to quit

By: Reuters     5th April 2017 The African National Congress (ANC) "closed ranks" around President Jacob Zuma after two key allies of the ruling party called for his resignation following a cabinet reshuffle that cost the country one of its investment-grade credit ratings. The rand fell more than 1 percent and bonds weakened... 

ANC stands by Zuma, rejects calls for President to quit
Photo by Reuters
President Jacob Zuma

Mali ratifies Kigali Amendment on phasing out greenhouse-gas emissions 

By: African News Agency      5th April 2017 Mali has ratified the Kigali Amendment, a ground-breaking amendment to the Montreal Protocol to phase out hydro-fluorocarbons, a major source of greenhouse-gas emissions, the United Nations environment agency has announced. “We urge more countries to follow suit in order to protect our climate,”... 

US launches partnership with African electricity company

By: African News Agency      5th April 2017 The US Department of State, in partnership with the Edison Electric Institute (EEI), officially launched the African Utility Power Sector Exchange (AUPSE) on Tuesday with a summit in Washington, DC, attended by African and US utility CEOs. The summit was opened by acting Special Envoy and... 

Eskom and Botswana Power Corporation seal long-term power supply deal

By: African News Agency      5th April 2017 Eskom, which has excess capacity of about 4 000 MW, on Wednesday said it has signed a three-year “firm power supply agreement” with Botswana Power Corporation (BPC). The power utility said the move was is in line with its plan to increase electricity exports to neighbouring states. 

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