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Latest News

Scientists discover how immune systems remember, retreat pathogens

By: Marleny Arnoldi     12th December 2018 A study published in Nature Genetics earlier this month has detailed, for the first time, the mechanism that allows the immune system to remember prior exposures to, for example, pathogens (micro-organisms causing infection), and then trigger the right response to reinfection. The study was... 

5G spectrum could boost global GDP by $565bn

By: Natasha Odendaal     12th December 2018 A new study by GSMA shows that the release of the right fifth-generation (5G) spectrum could generate an additional $565-billion in global gross domestic product (GDP) and $152-billion in tax revenue from 2020 to 2034. Next-generation 5G services, leveraging sufficient millimetre wave (mmWave)... 

Enable meaningful participation, pleads Women in Mining chair  

By: Martin Creamer     12th December 2018 The Mining Charter has significant room for improvement to enable meaningful participation of women in mining, says Women in Mining South Africa (WiMSA) chairperson Lindiwe Nakedi. Soweto-born Nakedi, who owns Gubhani Exploration – a surface exploration drilling company that is currently the only... 

Enable meaningful participation, pleads Women in Mining chair
Women in Mining chairperson and Gubhani Exploration MD Lindiwe Nakedi talks to Mining Weekly Online’s Martin Creamer. Video: Nicholas Boyd. Photographs: Creamer Media Chief Photographer Dylan Slater.

Airline industry growth expected to continue into 2019  

By: Nadine James     12th December 2018 Despite protectionist policies, a lack of infrastructure and a dearth of skilled workers that are challenging the airline industry, the International Air Transport Association (Iata) expects the industry will grow further in 2019. The industry has “been in the black since 2010” and is expected to... 

Airline industry growth expected to continue into 2019
Iata DG and CEO Alexandre de Juniac

Sacci survey anticipates trade conditions remaining subdued for next six months

By: Marleny Arnoldi     12th December 2018 The South African Chamber of Commerce and Industry (Sacci) Trade Conditions Survey for November shows that activity remains subdued and is likely to remain subdued for the next six months. The survey stated that trade conditions remained negative, with the seasonally adjusted trade activity... 

Minerals Minister defends coal, complains about high electricity prices  

By: Rebecca Campbell     12th December 2018 Mineral Resources Minister Gwede Mantashe has defended the role of coal in the country's energy mix and complained about the harmful effect of high electricity prices on the local beneficiation of minerals. He was delivering the keynote address at the launch, in Pretoria, of a book – The Future... 

Minerals Minister defends coal, complains about high electricity prices

Kibo renews MoU with Mozambique utility

By: Marleny Arnoldi     12th December 2018 JSE- and Aim-listed Kibo Energy has renewed and expanded its memorandum of understanding with Mozambican State-owned electricity utility Electricidade de Mocambique (EDM), to advance the financing, construction and operation of the Benga coal independent power project, in Mozambique. Kibo CEO... 

Total to further expand oil exploration footprint in Mauritania

By: Marleny Arnoldi     12th December 2018 Global energy company Total and the Mauritanian Ministry of Petroleum, Energy and Mines have signed an agreement that awards Total two new exploration and production contracts for blocks C15 and C31, which are deep offshore Mauritania. The contracts cover an area of 14 175 km2 and will be 90%... 

Total to further expand oil exploration footprint in Mauritania
Total awarded two new exploration and production contracts in Mauritania

Nigerian court adjourns MTN, central bank case until January 22

By: Reuters     12th December 2018 A Nigerian judge adjourned on Wednesday a hearing over an $8.1-billion dispute between South African telecoms giant MTN and the central bank until January 22. The dispute is over the transfer of $8.1-billion of funds which Nigeria's central bank said the company had sent abroad in breach of... 

SAIEE appoints Sicelo Xulu CEO after ‘intense’ consideration process

By: Marleny Arnoldi     12th December 2018 The South African Institute of Electrical Engineers (SAIEE) has appointed Sicelo Xulu CEO on a three-year term, starting in 2019. He will succeed Stan Bridgens, who held the position for about 12 years.  

SAIEE appoints Sicelo Xulu CEO after ‘intense’ consideration process
New SAIEE CEO Sicelo Xulu

Davies to launch revised business process services incentive scheme

By: Marleny Arnoldi     12th December 2018 Trade and Industry Minister Dr Rob Davies will, on Friday, launch the revised Global Business Process Services Incentive Scheme, while on a trip to London, in the UK. The launch of the revised incentive further supports and enhances South Africa’s value proposition, catalysing new investments... 

Group Five appoints Anthony Clacher CFO

By: Marleny Arnoldi     12th December 2018 Construction company Group Five has appointed Anthony Clacher CFO with immediate effect. He succeeds Christina Teixeira, who announced her resignation in October.  

November inflation ticks slightly higher to 5.2%

By: News24Wire      12th December 2018 November inflation ticked up to 5.2%, according to data released by Statistics South Africa (Stats SA) on Wednesday.  This is up from inflation of 5.1% recorded for October.  

 November inflation ticks slightly higher to 5.2%

Dry conditions threaten 2019 maize crop – Grain SA

By: Reuters     12th December 2018 Dry conditions in the main part of South Africa's maize belt have delayed crop plantings, threatening yields for the staple food and sending prices sharply higher, the farmers lobby group Grain South Africa said on Tuesday. With the optimum planting window fast closing in the western part of the... 

Tanzania to sign deal this week for $3bn power plant – President

By: Reuters     12th December 2018 Tanzania will sign a deal this week for the construction of a $3-billion hydroelectric power plant, the president said in remarks broadcast on state television on Tuesday. President John Magufuli did not name the company awarded the contract for the power plant and dam to be built in the Selous... 

Africa key market for South African exports – Davies

By: African News Agency      12th December 2018 South African businesses should consider the continent an extremely important market, especially for trade in value added products, Trade and Industry Minister Dr Rob Davies has said. Launching the South African stand at the inaugural Intra-Africa Trade Fair (IATF) in Cairo, Egypt, Davies said... 

Famous Brands' UK burger chain shuts 14 struggling stores

By: Reuters     12th December 2018 Famous Brands said on Tuesday its UK-based unit Gourmet Burger Kitchen (GBK) has closed 14 out of 17 under-performing stores following the approval of a restructuring plan by creditors. A string of British store groups have either gone out of business or announced plans to close shops this year,... 

New Necsa board has important issues to consider

By: Rebecca Campbell     11th December 2018 Major decisions are going to have to be taken about the future of the South African Nuclear Energy Corporation (Necsa), new Necsa board chairperson Dr Rob Adam told Engineering News Online on Tuesday. A totally new board for the corporation was announced by the government on December 6, the new... 

New Necsa board has important issues to consider
Photo by Creamer Media
Necsa chairperson Dr Rob Adam

EOH CEO review leads group to focus on four operating units

By: Schalk Burger     11th December 2018 A review of the business by JSE-listed EOH CEO Stephen van Coller during his first 100 days in the position has led the company to refine and expand its reporting and management into four distinct operating units, which enables it to better support these businesses with different focuses, capital... 

Big coal wants consumers to pay for fixing its pollution problem  

By: Bloomberg     11th December 2018 Some of the world’s biggest fossil-fuel producers are calling on taxpayers to help them kick their pollution habit. The world’s biggest oil, natural gas and mining companies are stepping up their campaign to deploy carbon capture and storage, or CCS, as way to slow global warming. But with a... 

15 on Orange’s PVT energy system now fully operational

By: Simone Liedtke     11th December 2018 The newly installed Solarus energy system on the roof of the 15 on Orange Hotel, in Cape Town, is now fully operational. According to a statement issued on Tuesday, the hybrid photovoltaic and thermal (PVT) project is currently the largest in Cape Town and is a system that provides the luxury... 

15 on Orange’s PVT energy system now fully operational
The newly installed Solarus energy system on the roof of the 15 on Orange Hotel, in Cape Town

South Africa needs to prepare in case of ‘hard’ Brexit – NWU economist  

By: Marleny Arnoldi     11th December 2018 North West University economist Professor Raymond Parsons says a “hard” Brexit is likely in March 2019 and that the UK may well crash out of the European Union (EU) without a withdrawal agreement. He laments that, with the decision by the UK government to delay the Parliamentary vote on the... 

South Africa needs to prepare in case of ‘hard’ Brexit – NWU economist
Photo by Creamer Media
NWU economist Professor Raymond Parsons

Outa, WSSA call for establishment of an independent water regulator

By: Natasha Odendaal     11th December 2018 Civil society organisations, the Organisation Undoing Tax Abuse (Outa) and Water Shortage South Africa (WSSA), believe the establishment of an independent regulator will result in an effective and efficient water sector and help to protect South Africa's scarce water supplies. The pair have... 

Liquid secures $180m investment

By: Natasha Odendaal     11th December 2018 Liquid Telecom has obtained a $180-million investment from UK development finance institution CDC Group to expand its high-speed broadband connectivity and Internet and cloud-based services into underserved communities and the technology start-up ecosystem across Africa. The investment will... 

Commission recommends tribunal approve Robor’s acquisition of Macsteel MT&P business, with conditions

By: Tasneem Bulbulia     11th December 2018 The Competition Commission has recommended to the Competition Tribunal that it approve Robor’s proposed acquisition of Macsteel’s tubes and pipes business (MT&P), but with conditions. The commission found that the proposed transaction is unlikely to result in a substantial prevention or lessening... 

Bigen awarded Level 1 BBBEE rating

By: Simone Liedtke     11th December 2018 Solutions-focused infrastructure development group Bigen has been rated a Level 1-compliant company in terms of the Broad-Based Black Economic Empowerment (BBBEE) Act Codes of Good Practice. Rated by Mpower Ratings, Bigen has achieved an increase in black ownership from 31% to 51%, 14% of which... 

Bigen awarded Level 1 BBBEE rating

Group Five pays $43m of Cenpower’s claim, contractual dispute continues

By: Marleny Arnoldi     11th December 2018 JSE-listed construction company Group Five announced on Tuesday that $43.8-million had been paid by its guarantee providers to Cenpower. Payment was made on the basis of the legal requirements on on-demand bonds and not on the merits of the contractual claims presented by the client, Group Five... 

No more 'grand plans', fix what you have, Ramaphosa tells municipal delegates  

By: African News Agency      11th December 2018 President Cyril Ramaphosa on Tuesday told representatives of local government to stop producing “grand plans for new projects” when existing infrastructure was lying in disrepair. Addressing the South African Local Government Agency (Salga) national member’s assembly at the Inkosi Albert Luthuli... 

No more 'grand plans', fix what you have, Ramaphosa tells municipal delegates
President Cyril Ramaphosa

Commission gives Polanofield go-ahead to acquire Dawn

By: Marleny Arnoldi     11th December 2018 The Competition Commission has approved Polanofield’s proposed acquisition of JSE-listed Distribution and Warehousing Network (Dawn) at R0.01 apiece. Polanofield – a shelf company that was recently bought by its controllers specifically for the purposes of the proposed transaction – plans to... 

High-performance computing conference stimulates cyberinfrastructure development

By: Marleny Arnoldi     11th December 2018 The Centre for High Performance Computing (CHPC) Conference, held in Cape Town earlier this month, provided a platform for students to showcase their skills in building supercomputers and ideas around preventing cybercrime. The CHPC is one of three primary pillars of the national... 

SA employment down 0.2 pct in Q3 – statistics agency

By: African News Agency      11th December 2018 Employment in South Africa's formal non-agricultural sector fell by 0.2 percent or 16 000 jobs to 9.733-million in the third quarter compared with the previous three months, the national statistics agency said on Tuesday. The number however reflects a 0.2 percent or 17 000 increase over the same... 

 SA employment down 0.2 pct in Q3 – statistics agency

KZN’s 'agricultural master plan' is key to transformation, says MEC

By: African News Agency      11th December 2018 KwaZulu-Natal’s MEC for agriculture and rural development, Themba Mthembu, on Tuesday reiterated that an “agricultural master plan” being developed would drive transformation and act as a foundation for development.   Mthembu made the remarks at an Agribusiness breakfast dialogue hosted by the... 

In Eskom's case, does Mboweni feel a photo is worth 1 000 words?

By: Bloomberg     11th December 2018 Not long after Eskom told fund managers in London that the troubled power utility planned to ask South Africa’s National Treasury to assume R100-billion of its debt, the country’s new Finance Minister Tito Mboweni tweeted a picture of a sieve. The tweet, two days later, may have been a simpler... 

Musk wants to open Tesla store in his South African homeland

By: Bloomberg     11th December 2018 It’s been almost 30 years since Elon Musk left South Africa to start a new life in North America. Now, the billionaire may be about to bring his Tesla electric cars back home. “Probably end of next year,” the chief executive officer of Tesla Inc. replied to a South African fan on Twitter, who... 

Cape Town MyCiti bus petrol bombed, driver seriously injured

By: African News Agency      11th December 2018 A MyCiti bus driver was seriously injured when the bus he was driving was petrol bombed in Roodebloem street, Woodstock, in Cape Town, on Monday night at about 22:00. The spokesperson for the city's fire department, Theo Layne, said a passenger was also injured, but was not in a critical... 

National Treasury introduces Bill to govern conduct of financial institutions

By: African News Agency      11th December 2018 The National Treasury on Tuesday announced the publication of a bill that aims to strengthen the regulation of how the financial services industry treats consumers. The Conduct of Financial Institutions (COFI) Bill is a follow up to the Financial Sector Regulation (FSR) Act of 2017, which... 

Growthpoint prepares for Cape Town’s planned ban on wet waste at landfills  

By: Marleny Arnoldi     11th December 2018 JSE-listed real estate investment trust (Reit) Growthpoint Properties has partnered with Waste Transformers – an organisation based in Netherlands – to leverage end-of-pipeline food waste from the Reit’s shopping malls and to adopt a decentralised approach to organic waste. This comes ahead of... 

Growthpoint prepares for Cape Town’s planned ban on wet waste at landfills
Waste Transformer's aerobic digester at Growthpoint Properties' N1 City Mall

South Africa's manufacturing output jumps, boosting rand 

By: Reuters     11th December 2018 South Africa's manufacturing output rose more than expected in October to its highest level since June 2016, data showed on Tuesday, lifting the rand as the economy showed further signs of recovering from recession. Africa's most industrialised economy slipped into recession after contractions in... 

South Africa's manufacturing output jumps, boosting rand

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