http://www.engineeringnews.co.za
R/€ = 14.88 Change: 0.00
R/$ = 12.10 Change: 0.00
Au 1335.58 $/oz Change: -5.52
Pt 927.50 $/oz Change: -4.49
 

Latest News

Eskom raises R43bn as it begins to attract more investors 

By: Kim Cloete     27th March 2018 Acting Eskom CEO Phakamani Hadebe said on Tuesday that the State-owned enterprise had raised R43-billion from the market and that it would come up with a comprehensive, integrated strategy for the entity by September. “As of today, I’m happy to announce that Eskom has been able to raise in gross... 

Regional wildlife crime workshop highlights threat, promotes cooperation

By: Rebecca Campbell     27th March 2018 The illegal trade in wildlife has become a major form of transnational organised crime that is damaging economies, undermining public safety and good governance in many regions around the world. And Southern Africa is no exception. “Criminals involved in wildlife crime are not involved only in... 

Regional wildlife crime workshop highlights threat, promotes cooperation
Photo by Endangered Wildlife Trust
Endangered Wildlife Trust Programme Manager: Wildlife and Trade Programme Ashleigh Dore

Lowering SoE risk to fiscus requires governance and business-model reform - S&P

By: Terence Creamer     27th March 2018 The risk posed to government’s fiscal position as a result of contingent liabilities linked to South Africa’s State-owned enterprises (SoEs) will be only partly alleviated by governance reforms, S&P Global Ratings warns, arguing that greater attention will also have to be given to reforming SoE... 

Lowering SoE risk to fiscus requires governance and business-model reform - S&P

Eskom goes to Parliament to argue its case for a higher tariff increase 

By: Kim Cloete     27th March 2018 Eskom’s top officials have gone to Parliament to argue their case for a higher tariff increase, saying the 5.23% tariff increase for 2018/19 granted by the National Energy Regulator of South Africa (Nersa) would seriously harm the utility. “The 2.2% price increase for 2017/18 has strained the... 

Eskom goes to Parliament to argue its case for a higher tariff increase
Photo by Dylan Slater
Eskom acting CEO Phakamani Hadebe

Burger resigns as CEO of Denel Land Systems

By: Creamer Media Reporter      27th March 2018 Stephan Burger has resigned as CEO of Denel Land Systems (DLS). Burger, who is one of the longest-serving members of the Denel group, was appointed CEO of DLS in 2004. 

Africa needs private investment to meet energy needs – Radebe

By: Simone Liedtke     27th March 2018 The cost of meeting sub-Saharan Africa’s power demand has been estimated at about $14-billion a year and cannot be met by public funding alone. Although public utilities have historically been the major sources of funding for new power generation capacity, South African Energy Minister Jeff... 

Bollore to invest €400m in Côte d'Ivoire port terminal

By: Reuters     27th March 2018 French industrial conglomerate Bollore aims to invest €400-million ($496.28-million) from next year to build a second container terminal at Côte d'Ivoire's main port of Abidjan, the deputy CEO of its transport and logistics division told Reuters. Philippe Labonne, deputy CEO of Bollore Transport... 

Nigeria to consult before deciding on African trade zone

By: Reuters     27th March 2018 Nigeria decided not join an Africa free trade zone last week because it needs to carry out more consultations at home first, the government said on Tuesday. Other leaders agreed to form a zone encompassing 1.2-billion people, but 11 countries including the continent's biggest economy, Nigeria,... 

SAA losses mount for 2017 

By: African News Agency      27th March 2018 National carrier South African Airways made a further financial loss of R3.7-billion over the nine months to the end of 2017, as revenue dipped about R1-billion below its forecasts for that period. The figures were tabled in a briefing by SAA CEO Vuyani Jarana, chairman JB Magwaza and executives... 

Ford more than doubles engine assembly capacity at PE plant

By: Irma Venter     27th March 2018 Ford Motor Company of Southern Africa (FMCSA) is expanding its Struandale engine plant, in Port Elizabeth, as part of a R3-billion investment in its South African operations, announced late last year. The Struandale plant currently machines cylinder heads, cylinder blocks and crankshafts for the... 

Ford more than doubles engine assembly capacity at PE plant

Maputo faces possible water crisis

By: African News Agency      27th March 2018 Mozambique’s capital Maputo could follow Cape Town’s water crisis with the El Nino phenomenon in the Pacific Ocean which is responsible for the current drought in southern Africa effecting Mozambique this year, the country’s National Meteorological Institute has warned, AllAfrica has reported.... 

Maputo faces possible water crisis

Cosatu disappointed after minimum wage implementation date pushed back

By: African News Agency      27th March 2018 Labour federation Congress of South African Trade Unions said on Tuesday it was disappointed that parliament and the government would not be ready to implement the long delayed national minimum wage by May 1. Labour Minister Mildred Oliphant said on Monday her department would not be able to... 

 Cosatu disappointed after minimum wage implementation date pushed back

Plug-and-play IoT edge gateway launched for industry, mining

By: Schalk Burger     27th March 2018 Information technology (IT) hardware multinational DellEMC and local Internet of Things (IoT) developer IoT.nxt have launched an edge computing device, called the Raptor, which enables businesses to deploy an IoT network in their operational environments to integrate existing sensors and... 

Sudan, Qatar to sign $4bn deal to manage Red Sea port – Ministry

By: Reuters     27th March 2018 Sudan and Qatar will sign a $4-billion agreement to jointly develop the Red Sea port of Suakin off Sudan's coast, Sudanese media quoted Transport Minister Makawi Mohamed Awad as saying. Awad made the announcement during a visit by Qatari officials to Suakin on Sunday, the reports said. 

Massmart to open 20 stores in Pan-African expansion – chairperson

By: Reuters     27th March 2018 South African retailer Massmart is continuing its Pan-African expansion with plans to open about 20 new stores outside its home market over the next three years, the company's chairman said on Monday. Massmart, majority-owned by US retail giant Wal-Mart, operates nearly 400 stores, including 42... 

Roadblocks ahead for South Africa's Ramaphosa after Moody's win

By: Reuters     27th March 2018 South Africa's new President Cyril Ramaphosa will need to call on all his dealmaking skills to overhaul ailing State-owned firms and tackle land reform if he wants to capitalise on Moody's decision not to downgrade the country's debt to junk. Moody's said its decision to keep South Africa's... 

Roadblocks ahead for South Africa's Ramaphosa after Moody's win
President Cyril Ramaphosa

South Africa sees T-FTA as building block in continental integration process

By: Terence Creamer     26th March 2018 South Africa fully supports the proposed African Continental Free Trade Agreement (AfCFTA) signed by 44 African countries in Kigali, Rwanda, last week, but Trade and Industry Minister Dr Rob Davies said the “high bar” set by South Africa’s legal framework made it impossible for the country to... 

South Africa sees T-FTA as building block in continental integration process
Photo by Creamer Media
Trade and Industry Minister Dr Rob Davies

Stenprop buys another UK multilet industrial estate

By: Simone Liedtke     26th March 2018 In line with its stated strategy of focusing on UK multilet industrial property, BSX- and JSE-listed Stenprop has completed the acquisition of a modern, fully let industrial estate in Huddersfield, in the UK, for £5.8-million. The purchase, from a private investor, reflects a net initial yield of... 

South Africa willing to accept metals quotas as it intensifies bid for US tariffs exclusion 

By: Terence Creamer     26th March 2018 Trade and Industry Minister Dr Rob Davies revealed on Monday that South Africa was willing to accede to quotas on its steel and aluminium exports to the US as part of the country’s ongoing bid to be excluded from tariffs imposed on March 23 following a proclamation signed by President Donald... 

South Africa willing to accept metals quotas as it intensifies bid for US tariffs exclusion
Photo by Reuters
US President Donald Trump

South Korea steel shares rise on US steel tariff exemption

By: Reuters     26th March 2018 South Korea's steelmakers rose on Monday, with market heavyweight Posco leading the overall sector after the United States agreed to exempt South Korea from its new steel tariffs. Washington will impose a quota on steel imports instead, while South Korea in return will improve access for U.S.... 

Atlantic Leaf acquires UK industrial, office property for £14.9m

By: Simone Liedtke     26th March 2018 SEM- and JSE-listed Atlantic Leaf, through its wholly-owned subsidiary Trido, has completed the acquisition of a multilet industrial and office property – Deacon Park – in Knowsley, in the UK, from JCAM Commercial Real Estate Property. 

Employment, wage prospects remain weak – Solidarity

By: Simone Liedtke     26th March 2018 The various market and political trends at play in South Africa could sway economic fortunes considerably in the years ahead, says trade union Solidarity. The trade union on Monday released its Labour Market Index (LMI) for the fourth quarter of 2017, which, at a neutral level just below 50,... 

Global crude steel production increases 3.5% y/y in February

By: Simone Liedtke     26th March 2018 Global crude steel production increased by 3.5% year-on-year to 131.8-million tonnes in February, the World Steel Association (worldsteel) reported on Monday. Africa’s crude steel production increased by 4% year-on-year to 1.1-million tonnes, mainly as a result of a 7.6% year-on-year increase in... 

ExecuJet base in Lagos granted free trade zone status

By: Rebecca Campbell     26th March 2018 Aviation company ExecuJet announced on Monday that its maintenance, repair and overhaul (MRO) facility in Lagos, Nigeria, had been designated a free trade zone (FTZ) by the Nigerian authorities. As a result, parts and services supplied by ExecuJet to its customers in Nigeria’s commercial capital... 

ExecuJet base in Lagos granted free trade zone status
Photo by ExecuJet
ExecuJet’s facility in Lagos

World’s largest oxygen production plant inaugurated at Sasol Secunda

By: Marleny Arnoldi     26th March 2018 Environmental Affairs Minister Edna Molewa on Monday inaugurated French gas company Air Liquide’s €200-million air separation unit (ASU) at chemicals and energy group Sasol's Secunda plant, in Mpumalanga. The ASU is the biggest oxygen production unit in the world, with a capacity of 5 000 t/d... 

World’s largest oxygen production plant inaugurated at Sasol Secunda

Congo's 2017 mining revenue up 36% while oil revenue doubles

By: Reuters     26th March 2018 Democratic Republic of Congo's 2017 mining sector revenue rose 35.6% to $822.2-million while revenue from the oil and gas sector jumped by 103% to $203.9-million, finance ministry data showed. Mining revenue in the fourth quarter more than doubled helped by higher prices for key exports such as... 

UK defence technology breakthrough could cut titanium parts production costs by half

By: Rebecca Campbell     26th March 2018 The British Ministry of Defence (MoD) announced on Monday that its Defence Science and Technology Laboratory (officially abbreviated to Dstl) had, in cooperation with the University of Sheffield, developed of a radical new method of producing titanium parts. Dstl has so far invested almost £30... 

UK defence technology breakthrough could cut titanium parts production costs by half
Photo by Crown Copyright (UK)
The FAST-forge technology demonstration unit at the University of Sheffield

Grindrod targets June Nasdaq listing for shipping division

By: Irma Venter     26th March 2018 Grindrod is targeting a June listing for its Shipping division.   A positive change in the business cycle “had provided the stimulus to implement the spin-off of the Shipping business with a planned listing amongst its peer group on the Nasdaq, with an inward listing on the JSE”, said executive... 

 Grindrod targets June Nasdaq listing for shipping division

Saftu condemns CSR’s local content exemption request

By: Simone Liedtke     26th March 2018 The South African Federation of Trade Unions (Saftu) says it is angered by the revelation that China South Rail (CSR) wants South Africa’s government to grant it an exemption from its local content obligations, worth R5.3-billion, as part of the conditions for it supplying new locomotives to... 

SADC Ministers meet in Pretoria with focus on industrialisation

By: African News Agency      26th March 2018 The Southern African Development Community (SADC) Council of Ministers meeting in Pretoria should explore ways of cooperating to intensify industrialisation in the region to boost economic growth, South Africa’s Minister of International Relations and Cooperation Lindiwe Sisulu on Monday. Sisulu,... 

M&R’s shares rise 50% as Germany’s Aton plans buyout 

By: Simone Liedtke     26th March 2018 JSE-listed Murray & Roberts’ (M&R’s) share price rose by more than 50% on Monday morning as it announced that German family owned business Aton plans to buy all shares in the company for R15 apiece. M&R on Monday said Aton, which already holds 33% of M&R’s shares, had informed the group of its... 

M&R’s shares rise 50% as Germany’s Aton plans buyout

South Africans saved 410 MW during Earth Hour - Eskom

By: African News Agency      26th March 2018 South Africans joined the rest of the world when they switched off their lights for Earth Hour from 20:30 to 21:30 on Saturday night and together they saved 410 MW, Eskom has announced. Earth Hour is a global call for the protection of the planet and for people to take a stand against climate... 

Update on National Minimum Wage bill to be announced

By: News24Wire      26th March 2018 Labour Minister Mildred Oliphant is expected to update the media on the progress made regarding the National Minimum Wages bill on Monday. According to a statement by the Department of Labour, Parliament is currently in a process of considering both written and oral submissions from interested... 

Update on National Minimum Wage bill to be announced
Photo by Creamer Media
Labour Minister Mildred Oliphant

DP World wins 30-year Congo port concession

By: Reuters     26th March 2018 DP World said on Sunday it had won a 30-year management and development concession for a greenfield, multi-purpose port in the Democratic Republic of the Congo (DRC). The Dubai-owned port operator will set up joint venture with the Central African country's government to manage and invest in the... 

South Africa mulling privatisation in Ramaphosa reform drive – Treasury chief

By: Reuters     26th March 2018 South Africa will consider partially privatising struggling State-owned companies as part of wide-ranging reforms set in motion by President Cyril Ramaphosa since he came to power last month, the head of the National Treasury said on Saturday. Dondo Mogajane said South Africa was at the end of a... 

South Africa mulling privatisation in Ramaphosa reform drive – Treasury chief
National Treasury director-general Dondo Mogajane

Moody's announcement signals positive sentiment, says Busa

By: African News Agency      26th March 2018 The decision by Moody’s Investors Service to retain South Africa’s international and domestic credit rating at investment grade and the change in outlook to stable is a mark of greater confidence in the country, Business Unity South Africa (Busa) said on Saturday. On Friday night, Moody's said it... 

Moody's announcement signals positive sentiment, says Busa

Ramaphosa amends rules of State capture inquiry

By: African News Agency      23rd March 2018 President Cyril Ramaphosa's office said on Friday he has amended the rules of the commission of inquiry into state capture to make testimony before it admissible in criminal proceedings, with the exception of where a witness may incriminate him or herself. The amendment to regulation 8(2) of the... 

Makhura establishes water war room for Gauteng

By: Natasha Odendaal     23rd March 2018 Premier David Makhura has established a war room to ensure Gauteng’s own taps do not run dry amid a drought that has devastated many provinces in South Africa, particularly the Western Cape. Following a Premier’s Coordinating Forum, held on Friday, he said water security in South Africa’s... 

More Latest News

more

Latest Videos

more

Company Announcements

more

Topics In These Articles

RSS Feed

About

Engineering News is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Mining Weekly
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on Engineering News is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Subscribe Now for $119
Free daily email newsletter Register Now
Subscribe Now for $119 Close