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Latest News

Powerstar to expand into smaller trucks through Foton partnership

By: Irma Venter     4th October 2017 Powerstar sold around 420 trucks in South Africa last year, with the Chinese brand aiming for 500 units this year, says Everstar Industries CEO Bob Wang. The growth will come from the brand expanding its product portfolio from the extra-heavy and heavy commercial vehicle (EHCV, HCV) segments to... 

Eskom to appoint new board, CEO in November – Minister

By: Reuters     4th October 2017 South Africa's scandal-plagued power supplier Eskom will appoint a new board and begin the search for a new CEO at a special meeting in November, Public Enterprises Minister Lynne Brown told lawmakers on Wednesday. Eskom, which is at the centre of allegations of improper dealings in government... 

Rip up charter, provide tax incentives, back junior miners – Maimane 

By: Martin Creamer     4th October 2017 Mining Charter Three should be ripped up, proper tax incentives introduced and junior mining enterprises supported to restore investment in the mining industry, which is a stimulator of the South African economy as a whole, Opposition Democratic Alliance leader Mmusi Maimane said on Wednesday.... 

Rip up charter, provide tax incentives, back junior miners – Maimane
Opposition Democratic Alliance leader Mmusi Maimane, addressing delegates at the Joburg Indaba conference. Camerawork: Nicholas Boyd. Editing: Lionel da Silva.

IEA lifts five-year renewables forecast after record 2016

By: Reuters     4th October 2017 The International Energy Agency (IEA) has raised its forecasts for renewable energy over the next five years following a record 2016, mainly driven by a surge in solar photovoltaic (PV) capacity in China, India and the United States. In its medium-term renewables market report, the IEA expects... 

IEA lifts five-year renewables forecast after record 2016

Bloodhound land-speed record attempt plagued by funding issues

By: Irma Venter     4th October 2017 The Bloodhound supersonic car (SSC) will, most likely, not travel from the UK to South Africa’s Hakspeenpan in 2018 to attempt a new world land-speed record of 1 600 km/h. The current land-speed record, set 20 years ago, is 1 228 km/h. 

Bloodhound land-speed record attempt plagued by funding issues

Tata trucks ‘must be bigger’ in South Africa, says Brand

By: Irma Venter     4th October 2017 Tata Motors South Africa (SA) must grow its position in the South African truck market from the current number eight to number three, says Tata International distribution vertical executive director and head Len Brand. “We must be bigger. We need double digit market share and we want this in the... 

Tata trucks ‘must be bigger’ in South Africa, says Brand
The new Tata Ultra platform

S Africa's auditor-general says Eskom's wasteful spending balloons

By: Reuters     4th October 2017 Wasteful spending at South Africa's state power utility Eskom soared to 547 million rand ($40.24 million) in 2016/17 from 93 million rand in 2015/16, the Auditor General's office told parliament on Tuesday. Eskom is at the heart of allegations of illegal contracts and undue influence in awarding... 

ANC will heed Joburg Indaba call for removal of Minerals Minister – Mkhize 

By: Martin Creamer     4th October 2017 The majority call by the Joburg Indaba for the government to replace Mineral Resources Minister Mosebenzi Zwane with a new Minister would be communicated to the African National Congress (ANC), which was committed to facilitating an enabling environment for the South African mining industry, ANC... 

ANC will heed Joburg Indaba call for removal of Minerals Minister – Mkhize
ANC treasurer general Dr Zweli Mkhize addresses delegates at the Joburg Indaba about Mineral Resources Minister Mosebenzi Zwane. Camerawork: Nicholas Boyd. Editing: Lionel da Silva.

South African private sector activity slips to 17-month low in Sept: PMI

By: Reuters     4th October 2017 South African private sector activity shrank at the fastest rate in 17 months in September as output, new orders and employment declined, a survey showed on Wednesday. The Standard Bank Purchasing Managers' Index (PMI), compiled by Markit, fell to 48.5 last month from 49.8 in August, moving... 

Parliament looks into legality of bailout to SAA

By: African News Agency      4th October 2017 Parliament’s standing committee on finance on Tuesday asked for advice on the legality of National Treasury’s R3 billion bailout to South African Airways (SAA) after the opposition submitted a letter claiming it was in breach of public finance rules. Alf Lees, the deputy finance spokesman for the... 

Parliament looks into legality of bailout to SAA

Strike looms at South African Airways

By: African News Agency      4th October 2017 South African Airways (SAA) warned on Tuesday, that its operations may be disrupted after one of the labour unions served the embattled airline with a notice of intention to embark on industrial action at its aircraft maintenance unit. This comes after the airline’s maintenance subsidiary, SAA... 

Strike looms at South African Airways

Chamber criticised for no-show at Joburg Indaba gala dinner

By: Martin Creamer     3rd October 2017 Officials of the Chamber of Mines of South Africa were criticised for opting to not attend Tuesday night’s Joburg Indaba’s gala dinner, which was addressed by Mineral Resources Minister Mosebenzi Zwane, who stated that he would not discuss the controversial but agreement-fettered Mining Charter... 

Chamber criticised for no-show at Joburg Indaba gala dinner
Photo by Duane Daws
Bernard Swanepoel

Govt bailouts won’t help SAA, says former finance minister Trevor Manuel 

By: African News Agency      3rd October 2017 Former South African finance minister, Trevor Manuel, said on Tuesday that government bailouts would not help the country’s state-owned airline to escape its troubles, insisting that South African Airlines (SAA) needed to get serious about its corporate governance. This comes after the South... 

M1 to be opened in stages as rehabilitation is completed

By: Natasha Odendaal     3rd October 2017 As the Johannesburg Roads Agency (JRA) wraps up the structural rehabilitation programme of the M1 Oxford and Federation bridges, the agency is considering several other options to improve the severely congested roads infrastructure across the city. The JRA on Tuesday unveiled the completion of... 

Chamber of Mines wage offer favourable – Solidarity

By: Martin Creamer     3rd October 2017 Trade union Solidarity said on Tuesday that it had received a favourable wage offer from the Chamber of Mines, following extensive coal industry pay bargaining.   Mining Weekly Online can report that the wage offer ranges from 5.5% to 7.5% and involves a 7.5% wage increase at the Anglo Coal,... 

Construction tenders open for Phase 2 of Lesotho water project

By: Mariaan Webb     3rd October 2017 The first of about 20 advance infrastructure construction tenders for Phase 2 of the Lesotho Highlands Water Project (LHWP) has been advertised, paving the way for construction to start next year. Phase 2 comprises a wide range of small and large contracts and Lesotho Highlands Development... 

CEOs plan investments in Africa in medium term amid all-time confidence lows

By: Mia Breytenbach     3rd October 2017 A third of CEOs plan to invest in Africa in the medium term, despite confidence in South Africa being at all-time lows. This is according to the quarterly Merchantec Confidence Index, released on Tuesday. 

Bushveld plans to spin off standalone tin listing

By: Martin Creamer     3rd October 2017 Diversified mineral development company Bushveld Minerals, which has a Southern African portfolio of vanadium, tin, coal, titanium and iron-ore assets, is taking steps to demerge its tin assets into a stand-alone tin listing on the London Aim. The principal tin assets of the Bushveld group are... 

Bushveld plans to spin off standalone tin listing
Photo by Duane Daws
AfriTin nominee CEO Anthony Viljoen

Good corporate governance integral to mitigating risk – Manuel 

By: Ilan Solomons     3rd October 2017 The current lack of good corporate governance is negatively impacting on many of South Africa’s State-owned enterprises, according to former Finance Minister Trevor Manuel, who believes that working corporate governance could successfully mitigate risk. Delivering the keynote address at the... 

Good corporate governance integral to mitigating risk – Manuel
Photo by Duane Daws
Former Finance Minister Trevor Manuel

Exxaro, Transnet ink ten-year coal transportation agreement

By: Anine Kilian     3rd October 2017 South African diversified resources company Exxaro Resources has signed a ten-year coal export transportation agreement with State-owned rail utility Transnet, which will increase coal volumes from the Limpopo-based Waterberg region to the Richards Bay Coal Terminal (RBCT), in KwaZulu-Natal,... 

Exxaro, Transnet ink ten-year coal transportation agreement
Exxaro CEO Mxolisi Mgojo and Transnet CEO Siyabonga Gama

Electricity industry approaching ‘breaking point’, City Power warns 

By: Terence Creamer     3rd October 2017 Johannesburg’s electricity utility City Power is warning that the current structure of South Africa’s electricity sector is unsustainable and that, in the absence of a coherent national policy, the sector is approaching “breaking point”. Demand- and supply-side manager Paul Vermeulen says that... 

Electricity industry approaching ‘breaking point’, City Power warns

Decline in insured construction activity to continue – Bryte

By: Mia Breytenbach     3rd October 2017 Insured construction activity contracted by 15% year-on-year in the second quarter. Southern African proactive business risk specialist Bryte Insurance (formerly known as Zurich Insurance) this week released its Construction Activity Monitor for the three months to June 30. 

Decline in insured construction activity to continue – Bryte

City of Johannesburg gearing up to clamp down on illegal construction

By: Creamer Media Reporter      3rd October 2017 The City of Johannesburg’s Building Development Management (BDM) directorate, within the Department of Development Planning, will soon introduce city-issued notice boards that will have to be displayed at all construction sites within the city. This is one initiative to clamp down on illegal... 

Hyatt to double its Africa presence, open six hotels by 2020

By: Reuters     3rd October 2017 Hyatt Hotels & Resorts will open six new hotels in Africa by 2020, the company said in a news release on Tuesday, underscoring the growth of business and international travel on the continent. The company will open its first hotels in Algeria, Cameroon, Ethiopia, and Senegal and open new hotels... 

Exxaro begins Tronox sell-off

By: Martin Creamer     3rd October 2017 Diversified mining company Exxaro Resources on Tuesday commenced the sell-off of a portion of the shares it holds in US mineral sands mining company Tronox. The JSE-listed Exxaro, headed by CEO Mxolisi Mgojo, is monetising its Tronox stake to focus on its core activities as well as provide... 

Exxaro begins Tronox sell-off
Photo by Duane Daws
Exxaro Resources CEO Mxolisi Mgojo

Wits appoints CEO for the Tshimologong Digital Innovation Precinct

     3rd October 2017 The University of the Witwatersrand (Wits) has appointed Lesley Williams CEO of the Tshimologong Digital Innovation Precinct. The precinct is used for the incubation of start-ups, the commercialisation of research and the development of high-level digital skills for students, working... 

Nissan to recall 1.2m cars in Japan over unauthorised checks

By: Reuters     3rd October 2017 Nissan Motor plans to recall 1.2-million cars in Japan after it discovered final vehicle inspections were not performed by authorized technicians, it said on Monday. Japan’s second-biggest automaker said the recall would cost it around 25-billion yen ($222-million) to re-inspect cars produced for... 

FedGroup acquires controlling stake in Emergent Energy   

     3rd October 2017 Financial services provider FedGroup has acquired a controlling stake in provider of installed solar photovoltaic commercial projects in South Africa Emergent Energy.   The acquisition is aimed at vertically integrating FedGroup's Direct Ownership investment platform into the solar energy... 

National Parks visitation up by 24% in 2017

By: African News Agency      3rd October 2017 The South African National Park (SANParks) announced on Monday that its ‘Know Your National Parks’ campaign increased the number of visitors to its parks by 24% in 2017. “We had an increase of just over 24 percent this year from last year’s 62,312 visitors. SA National Parks Week aims to create a... 

Tshwane extends A Re Yeng bus service across townships – Msimanga

By: African News Agency      3rd October 2017 Tshwane Mayor Solly Msimanga on Monday, said the city will expand its A Re Yeng bus service into South Africa’s capital city’s high density areas in a bid to provide a safe, affordable, accessible and reliable transport system. “Let me start by first congratulating the A Re Yeng team under the... 

Tshwane extends A Re Yeng bus service across townships – Msimanga

Cape Town ordered to reduce water consumption by 40%

By: News24Wire      3rd October 2017 The Department of Water and Sanitation has told the City of Cape Town to reduce overall water consumption by 40%, the city said on Monday. The department is the custodian of all national water resources. 

Zambia awards Austrian firm Kapsch contract to improve road safety

By: Reuters     3rd October 2017 Zambia has awarded Austria's Kapsch TrafficCom a joint venture contract to design, install and operate a road traffic surveillance system to curb accidents, the company said on Monday. The number of vehicles on Zambia's roads almost tripled to 700 000 in the ten years to 2016, increasing road... 

Production losses as result of bird flu estimated to be in region of R800m in Western Cape

By: African News Agency      2nd October 2017 Early estimates suggest an outbreak of avian influenza has led to production losses of around R800-million in the Western Cape, Economic Opportunities MEC Alan Winde said on Monday. In a statement, Winde said there were at least 36 confirmed cases of avian flu. Seventy ostrich farms were under... 

Building, civil engineering confidence slips two points in Q3

By: Natasha Odendaal     2nd October 2017 The ongoing pessimism in the general building and civil engineering contractors’ sectors is being seen in the Construction Industry Development Board’s (CIDB’s) latest small and medium-sized enterprise (SME) Business Conditions Survey, which slid two points to 40 in the third quarter. The... 

Guptas oppose application to freeze R1.75bn coal mine rehab funds – Outa

By: Creamer Media Reporter      2nd October 2017 The Organisation Undoing Tax Abuse (Outa) says the business group owned by the Gupta family is opposing its application to freeze the R1.75-billion mine rehabilitation funds for two of its coal mines. Outa last week succeeded in obtaining an interim order from the Pretoria High Court which... 

Bird flu causes more harm for Quantum Foods

By: African News Agency      2nd October 2017 Egg producer Quantum Foods on Monday temporarily closed down the remaining two sites of the Lemoenkloof commercial layer farm as the outbreak of highly pathogenic Avian Influenza (AI) continued to plague its eggs farms in the Western Cape. The recent outbreaks of the highly pathogenic avian... 

New-vehicle sales up 6.3% y/y in September

By: Reuters     2nd October 2017 South Africa's new vehicle sales rose 6.3% year-on-year to 50 322 units in September, data from the trade and industry department showed on Monday. Exports were up 10.3% to 36 134 units compared with the same month a year earlier, the department said. 

Blitz delivering ahead of schedule – Sibanye-Stillwater 

By: Martin Creamer     2nd October 2017 Production is under way three months ahead of schedule at Sibanye-Stillwater’s Blitz project in the US, where the completion of a secondary escape-way system concluded the final infrastructure required for the production to begin. An upside for Sibanye-Stillwater shareholders is the rapid ramping... 

Blitz delivering ahead of schedule – Sibanye-Stillwater
Blitz project (bottom right) is a brownfield extension of the Stillwater Mine.

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