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Latest News

Sanral takes big step towards economic transformation

By: News24Wire      6th March 2017 The time to bolster government’s economic transformation priorities is now, according to the CEO of the South African National Roads Agency Limited (Sanral), Skhumbuzo Macozoma. He expressed this view at the announcement of the appointment on Sunday of a transformation manager for Sanral.... 

China vows new steel, coal capacity cuts to make sky blue

By: Reuters     6th March 2017 China will cut steel capacity by 50-million tonnes and coal output by more than 150-million tonnes this year, its top economic planner said on Sunday as the world's No. 2 economy deepens efforts to tackle pollution and curb excess supply. In a work report at the opening of the annual meeting of... 

Titans of oil world meet in Houston after two-year price war

By: Reuters     6th March 2017 The biggest names in the oil world come together this week for the largest industry gathering since the end of a two-year price war that pitted Middle East exporters against the firms that drove the shale energy revolution in the United States. When Opec in November joined with several non-Opec... 

Opel sold to Peugeot in €2.2bn deal, SA effect still unknown

By: Irma Venter     6th March 2017 General Motors (GM) and Peugeot-Citroen (PSA) has announced the sale of GM’s Opel/Vauxhall subsidiary and GM Financial’s European operations to the PSA group, in a transaction valued at €1.3-billion and €0.9-billion, respectively. With the addition of Opel/Vauxhall, which generated revenue of... 

Opel sold to Peugeot in €2.2bn deal, SA effect still unknown

South Africa-based international radio telescope project gets more cash

By: Keith Campbell     6th March 2017 The international Hydrogen Epoch of Reionisation Array (Hera) telescope, being constructed in South Africa’s radio astronomy reserve in the Northern Cape province, has received a significant new cash injection, that will fund a major expansion of the array, SKA South Africa (SKA SA) announced on... 

South Africa-based international radio telescope project gets more cash
Photo by SKA South Africa
Hera antennas under construction. The workers to the right give scale

Saice approaches High Court to suspend ECSA council 

By: David Oliveira     6th March 2017 Civil engineering voluntary association (VA), the South African Institution of Civil Engineering (Saice), on March 3 submitted to the High Court an application to have the current council members of the Engineering Council of South Africa (ECSA) suspended. Saice CEO Manglin Pillay has told... 

AfDB supports Zimbabwe’s efforts to reform SoEs

By: Anine Kilian     3rd March 2017 African Development Bank (AfDB) Southern Africa regional development and business delivery office DG Tonia Kandiero and Zimbabwe Finance and Economic Development Minister Patrick Chinamasa have signed a $4-million grant agreement to support a State-owned enterprise (SoE) reform and delivery... 

Gauteng government appoints investigator to look into hospital roof collapse 

By: Megan van Wyngaardt     3rd March 2017 The Gauteng provincial government has appointed legal firm Adams and Adams to investigate the cause of a roof collapse at the Charlotte Maxeke Academic Hospital during maintenance works. “[The firm will] provide a detailed report of what really transpired. We have also tasked the investigators to... 

Investor in UK solar assets plans secondary listing on JSE from April

By: Terence Creamer     3rd March 2017 A London Stock Exchange-listed investor in UK ground-based solar photovoltaic (PV) plants, Foresight Solar Fund, has announced its intention to pursue a secondary listing on the JSE through a private placement with institutional South African investors. The listing is expected to raise... 

Investor in UK solar assets plans secondary listing on JSE from April
The Shotwick solar PV farm in the UK

Study uses ‘fitbit’ to track animal sleep patterns

By: Anine Kilian     3rd March 2017 A recent study published in research journal PLUS ONE has found that sleep in wild animals is likely not related to sunrise and sunset, and that other environmental factors are more crucial to the timing of sleep. According to University of the Witwatersrand (Wits) Anatomical Sciences Professor... 

Student designs sustainable beekeeping system 

By: Anine Kilian     3rd March 2017 A University of Johannesburg (UJ) student has designed an improved system of beekeeping and beehive production to aid in the survival of bees and, by extension, tackle the problem of decreasing pollination. UJ MTech Industrial Design student Ivan Brown’s Beegin concept involves a lightweight... 

Hyprop sees distribution growth double as European portfolio picks up

By: Megan van Wyngaardt     3rd March 2017 Shopping centre-focused real estate investment trust Hyprop reported strong double-digit growth in distributions for the six months to December, 31, owing to a solid performance from its local shopping centres and supported by the inclusion of distributable income from the newly acquired... 

Water crisis impacting economic growth, but there are solutions – GIBB

By: Megan van Wyngaardt     3rd March 2017 With the Water Research Commission (WRC) predicting that South Africa will require 17% more water by the year 2030 and with the country’s water supplies almost fully allocated, it has become even more pressing to change peoples’ attitude towards water use and effectively manage water demand,... 

Water crisis impacting economic growth, but there are solutions – GIBB

Dirty fuel conundrum may open door to electric vehicles in Africa 

By: Irma Venter     3rd March 2017 South Africa is fifteen years behind the rest of the world in terms of legislation regulating the quality of fuel available at the pump, says National Association of Automobile Manufacturers of South Africa director Nico Vermeulen. He says new clean fuel legislation should have been in place in... 

Dirty fuel conundrum may open door to electric vehicles in Africa

Busa welcomes Cosatu’s endorsement of national minimum wage

By: African News Agency      3rd March 2017 Business Unity South Africa (Busa) on Friday welcomed the endorsement of the national minimum wage by the Congress of South African Trade Unions (Cosatu), saying that this marked the final endorsement of a labour relations stability. “We are pleased with Cosatu’s endorsement of the agreement. The... 

South African maize production doubles despite droughts worsening across East Africa

By: African News Agency      3rd March 2017 As drought and worsening food security hits swathes of East Africa, maize harvests in Southern Africa, previously slashed by El Niño, are forecast to recover this year, with South Africa’s output expected to increase by more than 50 percent from 2016. A new United Nations (UN) report states that... 

South African maize production doubles despite droughts worsening across East Africa

Sawmilling sector’s resource shortages need urgent attention

By: Creamer Media Reporter      3rd March 2017 South Africa needs to urgently respond to the resource shortages within the sawmilling sector to unlock the benefits of job creation and growth. The shrinking of resources in forestry was one major challenge that needed to be dealt with by both government and the private sector, said Sawmilling... 

South Africa's private sector activity keeps growing in February – PMI

By: Reuters     3rd March 2017 Activity in South Africa's private sector remained in growth territory for a sixth straight month in February as businesses saw a small rise in new orders, leading them to increase output and employment, a survey showed on Friday. The Standard Bank Purchasing Managers' Index (PMI), compiled by... 

HyPlat works to replicate early entry successes in global fuel cell market

By: Creamer Media Reporter      3rd March 2017 Two years after its establishment as a South African hydrogen fuel cell component supplier, HyPlat has made rapid inroads into the global fuel cell market following the launch of its locally owned and developed intellectual property and technology offerings at the Hannover Fair in 2016. The... 

Humphris to succeed Crosse as Omnia chairperson

By: Natasha Odendaal     3rd March 2017 JSE-listed Omnia has announced the retirement of nonexecutive director and chairperson Neville Crosse, effective May 31, after 40 years at the group. Rod Humphris, who will retire as group MD on May 31, succeeds Crosse as nonexecutive director and chairperson, effective June 1. 

How will Brexit impact South Africa, UK trade relations 

     3rd March 2017 Creamer Media's Chanel de Bruyn speaks to Engineering News Senior Deputy Editor Keith Campbell about the potential impact of the UK’s decision to exit the European Union on trade between South Africa and the UK. 

How will Brexit impact South Africa, UK trade relations
How will Brexit impact South Africa, UK trade relations

Brexit set to change SA’s bilateral economic relationship with the UK 

By: Keith Campbell     3rd March 2017 Last month, during the debate regarding the 2017 State of the Nation address in Parliament, in Cape Town, Trade and Industry Minister Dr Rob Davies highlighted: “[A]s the UK government prepares to trigger exit negotiations from the EU (European Union), we need to prepare for a new trade... 

Brexit set to change SA’s bilateral economic relationship with the UK

Worst Western Cape drought in 100 years presents economic opportunity 

By: Megan van Wyngaardt     2nd March 2017 Thirty-seven per cent of South Africa’s water supply is lost in urban infrastructure through leaks, the GreenCape ‘Water Market Intelligence Report 2017’ has revealed. Launched by Western Cape Economic Opportunities Minister Alan Winde on Thursday, GreenCape’s research showed that 96% of... 

Charlotte Maxeke Hospital roof collapses during construction work

By: African News Agency      2nd March 2017 A section of the roof at Charlotte Maxeke Academic Hospital, in Parktown, Johannesburg, collapsed on Thursday afternoon while construction work to repair leaks was ongoing, trapping some workers and patients. Arnold Malotana, chief director of emergency medical services (EMS) at Gauteng... 

Sapoa welcomes proposed changes to Protection of Investment Act regulations

By: Anine Kilian     2nd March 2017 The South African Property Owners Association (Sapoa) supports the new mediation process set out in the Protection of Investment Act draft regulations. The association states that it represents the economically significant property-owning sector of the economy and that good relations with foreign... 

MTN optimistic of turnaround after plunging into the red in FY16  

By: Natasha Odendaal     2nd March 2017 JSE-listed MTN believes it is on the mend and is seeing the first signs of a turnaround after plunging into the red during what it described as the most challenging year in the company's 22-year history. With its Ignite initiative and various other strategies in play, MTN hopes to reverse the... 

MTN optimistic of turnaround after plunging into the red in FY16
MTN interim chairperson Phuthuma Nhleko discusses the group's financial performance for the year ended December 31, 2016, and the plans in place to reverse the losses. Date recorded: 02/03/2017. Camerawork: Nicholas Boyd. Video editing: Lionel da Silva.

New minerals head appointment sets cat among mining pigeons 

By: Martin Creamer     2nd March 2017 The Chamber of Mines said on Thursday that it had been caught by surprise by the appointment of the new director-general of the Department of Mineral Resources (DMR). While the chamber acknowledged that the appointment of the director-general was the prerogative of the Minister, it believed that... 

New minerals head appointment sets cat among mining pigeons
Photo by Duane Daws
Chamber of Mines CEO Roger Baxter with Senior Public Affairs Executive Tebello Chabana

Grindrod FY16 loss widens on depressed H1 market conditions, impairments

By: David Oliveira     2nd March 2017 Shipping and logistics group Grindrod’s attributable loss widened to R1.9-billion for the 2016 financial year, from a loss of R1.43-billion in 2015, as a result of depressed market conditions in the first half of the year and impairments in its Shipping and Freight Services Rail businesses.... 

Fairvest posts higher H1 distribution

By: Megan van Wyngaardt     2nd March 2017 Successful capital raises of R206.7-million, attractive acquisitions and steady growth in property valuations contributed to Fairvest Property Holdings’ net asset value increasing by 20.8% to R1.60-billion for the six months ended December 31. This was paired with distributions increasing by... 

VWSA MD takes on regional responsibility; Rwanda to open VW plant

By: Irma Venter     2nd March 2017 German car manufacturer Volkswagen has established Volkswagen Sub-Saharan Africa as a regional operation, in a move aimed at developing and strengthening the African market. The new region joins the existing regions of North America, South America and China, and forms part of Volkswagen’s... 

VWSA MD takes on regional responsibility; Rwanda to open VW plant
Thomas Schäfer.

New Polo production at Uitenhage plant to ramp up in Q3

By: Irma Venter     2nd March 2017 Volkswagen Group South Africa (VWSA) will ramp up production of the new Polo at the Uitenhage plant by the third quarter of the year, says MD and chairperson Thomas Schäfer. Production of the first confirmation models have already started. 

New Polo production at Uitenhage plant to ramp up in Q3
Polo Vivo production at the VWSA plant

Premier Food and Fishing lists on JSE

By: Anine Kilian     2nd March 2017 Food and fisheries company Premier Food and Fishing on Thursday listed in the Farming, Fishing and Plantations sector of the JSE.     “Being listed on the JSE will allow us to give our employees, as well as the members of the communities in which we operate, an opportunity to acquire equity in... 

Competition authorities approve Electrolux’s buyout of Kwikot Group

By: Anine Kilian     2nd March 2017 Competition authorities in South Africa, Botswana and Namibia have approved Electrolux’s acquisition of Kwikot Group. Electrolux in November 2016 announced its plan to buy Kwikot for an undisclosed amount. 

Government won’t allow poultry industry to be ‘decimated’ - Davies 

By: Terence Creamer     2nd March 2017 Trade and Industry Minister Dr Rob Davies is adamant that government will not stand by while its poultry industry is “decimated”, but acknowledges that there are also issues of industry competitiveness that should be addressed. Speaking this week during the Economic Sectors, Employment and... 

Government won’t allow poultry industry to be ‘decimated’ - Davies
Poultry workers and management during a recent march to the EU Delegation in Pretoria, to protest the dumping of bone-in chicken

Gauteng MEC Vadi launches R87m road upgrade project

By: African News Agency      2nd March 2017 Gauteng MEC for Roads and Transport Ismail Vadi on Thursday launched Phase 2 of the Cedar Road upgrading project in Johannesburg valued at R87 million. “The project involves the rehabilitation and widening of Cedar road on both sides to a dual carriageway and is expected to run over 11 months,”... 

Mpact FY16 earnings fall amid tough trading conditions

By: Anine Kilian     2nd March 2017 Challenging trading conditions, along with higher recovered paper costs, lower containerboard sales, a higher effective tax rate and finance costs and a loss in its Mpact Polymers business, negatively impacted on JSE-listed Mpact’s results for the 2016 financial year. Headline earnings a share... 

Digital public-private high school celebrates ten years 

     2nd March 2017 Information technology multinational Oracle last month celebrated the tenth year of the fully digital high school, which it built in partnership with the Gauteng Department of Education.  

Digital public-private high school celebrates ten years
Digital public-private high school celebrates ten years

SARB shares up for grabs

By: African News Agency      2nd March 2017 Shares are now available for players who envisage shareholding in the South African Reserve Bank (SARB), Governor Lesetja Kganyago announced on Thursday. “Some 149 200 shares in the SARB have become available for sale. We would like to use this opportunity to diversify our shareholder base, and... 

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