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Latest News

Fiat Chrysler’s Marchionne dies at age 66

By: Irma Venter     25th July 2018 Fiat Chrysler Automobiles (FCA) CEO Sergio Marchionne has died, aged 66. Marchionne on the weekend stepped down from his position at the auto manufacturer, one year before he was scheduled to retire. He fell gravely ill following complications while recovering from shoulder surgery. 

South Africa 'collateral damage' in US-led global trading war – Davies

By: African News Agency      25th July 2018 South Africa has become "collateral damage" in the trading war involving mainly the United States, China, Canada and the European Union, with tariffs imports on its steel exports, Trade and Industry Minister Dr Rob Davies said on Wednesday. Global tensions have flared up as other countries hit... 

South Africa 'collateral damage' in US-led global trading war – Davies

BioTherm reaches financial close on four renewables projects

By: Creamer Media Reporter      25th July 2018 African renewable energy development platform and power producer BioTherm Energy has reached financial close on a 284 MW portfolio of wind and solar projects in South Africa as part of the fourth round of the South African Renewable Energy Independent Power Producer Procurement Programme. The... 

HSRC to investigate role of services in boosting growth within Southern Africa

By: Creamer Media Reporter      25th July 2018 The Human Sciences Research Council (HSRC) has been awarded a grant by the United Nations University (UNU) to investigate the catalytic role of tradable services in Southern Africa’s growth and development. The study will be led by Professor Ivan Turok and Dr Justin Visagie, and will look at how... 

Drinking water contaminated with micro plastic pollution in Gauteng

By: News24Wire      25th July 2018 Drinking water in Johannesburg and Tshwane is polluted with microplastics, a new study has found. Substantial amounts of microplastics – bits of plastics less that 5mm in size – were found in the tap water in both cities, as well as in rivers in Gauteng and in borehole water in the North West... 

Strong demand forecast for pilots, technicians and cabin crew in Africa and globally

By: Rebecca Campbell     25th July 2018 Africa will need 29 000 pilots over the next 20 years, US aerospace group Boeing has forecast. The continent will also need 28 000 technicians and 29 000 cabin crew. These predictions were made in the group’s 2018 “Pilot & Technician Outlook”, released on Tuesday. The report divides the world... 

Strong demand forecast for pilots, technicians and cabin crew in Africa and globally
Photo by Konstantin von Wedelstaedt/GNU
A Boeing 787-8 Dreamliner of Ethiopian Airlines

Transnet signs manganese capacity allocation contract with Assmang

By: Anine Kilian     25th July 2018 State-owned Transnet has signed a seven-and-a-half-year Manganese Export Capacity Allocation (MECA2) contract with Assmang as part of its strategy to secure 95% of manganese volumes on rail. The contract, which will see the transportation of export manganese from pit to port, offers Assmang, the... 

USAID launches water project to benefit Southern African communities

By: Anine Kilian     25th July 2018 The United States Agency for International Development (USAID) has launched a five-year, $32.4-million project called Resilient Waters to address severe water challenges facing the Limpopo river basin and Okavango river basin communities. The project will work to provide access to safe drinking... 

USAID launches water project to benefit Southern African communities

Hulamin H1 earnings decline further amid US steel tariffs

By: African News Agency      25th July 2018 JSE-listed aluminium producer, Hulamin, said on Wednesday that it expected its basic earnings per share (EPS) and headline earnings per share (HEPS) for the six months ended June 30 to decline even further from what was initially anticipated.  Hulamin said that EPS and HEPS for the half year... 

Hulamin H1 earnings decline further amid US steel tariffs

Africa's richest man arranges $4.5bn of financing for oil refinery 

By: Reuters     25th July 2018 Africa's richest man, Aliko Dangote, has arranged more than $4.5-billion in debt financing for his Nigerian oil refinery project and aims to start production in early 2020, he told Reuters. Dangote, who built his fortune in cement, is building the world's largest single oil refinery with capacity... 

Tullow has stopped work on Kenya oilfields due to security issues

By: Reuters     25th July 2018 Tullow Oil has stopped works on its Kenyan oil fields and its trucking operations to move oil to the coast due to security issues, Chief Executive Paul McDade told Reuters on Wednesday. "What you saw locally was the local people, the community... using the trucking operation as a lever really to... 

Entire world to benefit from cheaper TB drug

By: African News Agency      25th July 2018 The entire world will benefit from a price cut of a TB wonder drug, following successful negotiations between South Africa and pharmaceutical company Johnson & Johnson. This follows an agreement reached over the weekend between Health Minister Aaron Motsoaledi and pharmaceutical company Johnson &... 

Cape Town train fire platform repairs completed – Metrorail

By: News24Wire      25th July 2018 Repairs to the two platforms at Cape Town station damaged during a fire last week were completed on Tuesday. In a statement, Metrorail said Platforms 15 and 16 were back in business after repairs had been completed and structural engineers confirmed that the integrity of the overhead concrete... 

Baseline study aims to start debate on the state of SMEs in South Africa 

By: Simone Liedtke     24th July 2018 The Small Business Institute (SBI) on Tuesday warned that the National Development Plan’s (NDP's) goal of having small businesses create 90% of jobs by 2030 may be unachievable unless small and medium-sized businesses (SMEs) are better understood. Early research shows that, while 98.5% of... 

Eskom leaders hint at need for independent system operator 

By: Terence Creamer     24th July 2018 South Africa’s cash-strapped electricity utility Eskom is considering far-reaching changes to its business model as part of an in-depth review, being undertaken ahead of the finalisation of a new corporate plan. Chairperson Jabu Mabuza already flagged this week that the new corporate plan, which... 

Eskom leaders hint at need for independent system operator
Photo by Dylan Slater
Eskom chairperson Jabu Mabuza

BAIC SA opens vehicle assembly plant at Coega IDZ

By: Marleny Arnoldi     24th July 2018 Chinese vehicle manufacturer Beijing Automotive Group’s South African subsidiary, BAIC SA, on Tuesday opened its 88 969 m2 vehicle assembly plant, in the Coega Industrial Development Zone, near Port Elizabeth.   The company has completed the critical construction and equipment installation... 

BAIC SA opens vehicle assembly plant at Coega IDZ

IIoT-enabled businesses expected to boost revenues by 10% by 2023

By: Schalk Burger     24th July 2018 Companies across the global supply chain expect the Industrial Internet of Things (IIoT) to increase their yearly revenues by 10% within five years, a global study by mobile satellite communications company Inmarsat, released on Tuesday, showed. IIoT is the application of networked sensors, which... 

Sars postpones deadline for mandatory advance reporting of containerised cargo headed to South Africa

By: Anine Kilian     24th July 2018 The South African Revenue Service (Sars) has postponed the introduction of mandatory advance reporting of containerised cargo destined for South African ports to November 1, from the previously set implementation date of August 1. “A Sars survey found that while certain categories, such as... 

Kenyan carrier becomes first in Africa to sign parts and services deal with Boeing

By: Rebecca Campbell     24th July 2018 Kenya Airways has become the first airline in Africa to contract US aerospace giant Boeing for its Consumable & Expendable Services package. The deal has a duration of five years and will initially cover more than 18 700 parts. In subsequent phases, the number of parts covered by the agreement... 

Kenyan carrier becomes first in Africa to sign parts and services deal with Boeing
Photo by Mark Harkin/Creative Commons
A Boeing 787-8 airliner of Kenya Airways

South Africa signs $14bn trade agreements with China 

By: African News Agency      24th July 2018 President Cyril Ramaphosa said on Tuesday that the South African government had signed several agreements, including memorandums of understanding on investments, amounting to $14.7-billion with China. Various government departments signed agreements with the Chinese government in areas such as... 

South Africa signs $14bn trade agreements with China
Chinese President Xi Jinping and President Cyril Ramaphosa

Fuel price protestors send letter of demand to Ramaphosa 

By: African News Agency      24th July 2018 An organisation formed to combat increases in petrol and paraffin prices has sent a list of demands to president Cyril Ramaphosa. People Against Petrol and Paraffin Price Increases (PAPPPI) has requested a meeting with the head of state before its attempt at a national shutdown on Friday. 

 Fuel price protestors send letter of demand to Ramaphosa

ExecuJet becomes maintenance provider for Honeywell TFE731 engines

By: Simone Liedtke     24th July 2018 Aviation company ExecuJet, part of the Luxaviation group, is now the provider of major maintenance on Honeywell TFE731 engines in Europe, the Middle East, Africa and India (EMEAI). ExecuJet’s Johannesburg-based maintenance, repair and overhaul (MRO) facility was awarded the rights by Honeywell... 

ExecuJet becomes maintenance provider for Honeywell TFE731 engines
ExecuJet MRO services executive VP Graeme Duckworth

Researchers build scientific research cloud to process images from the MeerKAT telescope 

By: Kim Cloete     24th July 2018 Three universities are making strides in an extensive project to build a computing infrastructure capable of processing the vast amounts of data that will come from the MeerKAT telescope. The Inter-University Institute for Data Intensive Astronomy (IDIA) has developed a scientific research cloud... 

Researchers build scientific research cloud to process images from the MeerKAT telescope
A galaxy formation (Source: TNG Collaboration).

Standard Bank, UnionPay partnership eases Chinese card payments

By: Schalk Burger     24th July 2018 Chinese card payment services provider UnionPay International and financial services firm Standard Bank have agreed to accelerate access to UnionPay’s cards across key markets in Africa, the companies said in a statement on Monday. The move will bring increased convenience to Chinese people... 

Solidarity unhappy with AMSA's wage offer

By: Simone Liedtke     24th July 2018 Trade union Solidarity has called ArcelorMittal South Africa’s (AMSA’s) proposed wage offer for this year “nothing but a slap in the face of hard-working employees”. The union on Tuesday said AMSA had proposed an increase of 6.5% in its contribution to employees’ medical aids. 

SAA in talks with other airlines to strengthen its business

By: Rebecca Campbell     24th July 2018 Troubled State-owned national flag carrier South African Airways (SAA) has reported that it is in talks with other airlines on renewing or creating new commercial partnerships. SAA stressed, in its statement, that these discussions were only about “commercial agreements such as interline,... 

SAA in talks with other airlines to strengthen its business
Photo by Stock image
An SAA Airbus A340-300 at Johannesburg’s OR Tambo International Airport

Rwanda signs $300m in loan deals with China, India

By: Reuters     24th July 2018 Rwanda signed loan agreements worth more than $300-million with China and India to fund roads and irrigation, officials said, as leaders from the two Asian powers made their first visits to the East African nation. Chinese President Xi Jinping visited Rwanda from Sunday to Monday and granted a... 

Brics bank approves $600m loans for South African, Chinese projects

By: Reuters     24th July 2018 The New Development Bank, set up by the Brics group of emerging economies, has approved loans of $300-million for energy projects in South Africa and $300-million for a transportation project in China. South Africa, which will host a Brics summit later this week in Johannesburg, is trying to... 

Vodacom posts Q1 uptick in revenue, subscriber numbers

By: Natasha Odendaal     24th July 2018 JSE-listed Vodacom on Tuesday reported strong momentum during the first quarter of the year, with normalised group revenue and service revenue having increased by 5% and 5.2% to R21.5-billion and R17.8-billion respectively. During the quarter ended June 30, the group reported its results on an... 

Vodacom posts Q1 uptick in revenue, subscriber numbers
Photo by Creamer Media
Vodacom CEO Shameel Joosub

Gautrain employees to embark on a strike from July 30

By: Simone Liedtke     24th July 2018 Gautrain employees who are members of the United National Transport Union (UNTU) will embark on a protected strike from July 30. The majority of UNTU members working for the Gautrain voted in favour of a strike at an UNTU mass meeting held in Midrand, on Monday. 

Gautrain employees to embark on a strike from July 30

Fluor awarded FEL engineering contract at Sasol Secunda

By: Creamer Media Reporter      24th July 2018 Sasol South Africa has awarded Fluor Corporation  the front-end loading (FEL) engineering contract for the Secunda clean fuels baseline improvement basket of projects. “We are pleased to assist Sasol with the start of this important programme. Our team will use its global expertise in clean fuel... 

Anglo Platinum taking steps to reverse unjustified investor bearishness 

By: Martin Creamer     23rd July 2018 Platinum group metals (PGMs) mining, refining and marketing company Anglo American Platinum (Amplats), which on Monday delivered an outstanding set of dividend-yielding financial results for the six months to June 30, is taking steps to reverse unjustified investor bearishness. After the company... 

Anglo Platinum taking steps to reverse unjustified investor bearishness
Anglo American Platinum CEO Chris Griffith responds to Mining Weekly Online’s Martin Creamer. Video and Video Editing: Darlene Creamer 23/7/2018

LEIP MoU signed, 101 669 potential jobs created

By: Simone Liedtke     23rd July 2018 Up to 101 669 jobs could be created during the first five years of construction of the Limpopo Eco-Industrial Park (LEIP), which Eco-Industrial Solutions (EIS) CEO Deshika Kathawaroo on Monday said would “fundamentally change” the Limpopo province’s contribution to South Africa’s strategic... 

LEIP MoU signed, 101 669 potential jobs created
Photo by Simone Liedtke
(Left) Limpopo Economic Development Agency group CEO Ben Mphahlele and (right) Eco-Industrial Solutions CEO Deshika Kathawaroo (right) at the signing ceremony on Monday

Eskom confident of raising R72bn despite qualified audit  

By: Terence Creamer     23rd July 2018 Financially stressed electricity producer Eskom expressed confidence on Monday that it would be able raise the R72-billion it required for the 2019 financial year, despite having received a qualified audit opinion for the 2018 financial year, reporting a R2.3-billion loss and nearly 20-billion in... 

Eskom confident of raising R72bn despite qualified audit
Eskom chairperson Jabu Mabuza explains why IPPs do not pose a financial risk to the utility. Camera Work & Editing: Nicholas Boyd. Recorded: 23.07.2018

China–South Africa investment continues to grow

By: Anine Kilian     23rd July 2018 Trade and investment between China and South Africa remains on a positive growth trajectory, Standard Bank CEO Sim Tshabalala said on Monday. Addressing delegates at a media briefing marking the tenth anniversary of the strategic partnership between Standard Bank and the Industrial and Commercial... 

Growthpoint, Cintocare break ground on R450m Pretoria head, neck hospital

By: Marleny Arnoldi     23rd July 2018 Real estate investment trust Growthpoint Properties and private company Cintocare on Monday broke ground on the R450-million development of an 11 000 m2 special surgical head and neck hospital, in Pretoria, which will be the first green-certified hospital in Africa. The companies are creating a... 

Growthpoint, Cintocare break ground on R450m Pretoria head, neck hospital
Growthpoint has started with earthworks for the head and neck surgical hospital in Pretoria

Liberty Two Degrees declares 29c dividend for H1, finalising corporate move

By: Marleny Arnoldi     23rd July 2018 Retail-focused real estate investment trust (Reit) Liberty Two Degrees (L2D) has declared a distribution of 29.3c apiece for the six months ended June 30, in line with expectations and despite a challenging environment. As a result of the acquisition of additional undivided shares of... 

Brics nations must do away with restrictive barriers to trade

By: African News Agency      23rd July 2018 The Brics nations should look at innovative ways to remove barriers to trade, including decreasing barriers to new technology growth, while also considering a Brics visa card. This is according to Elena Myakotnikova of the Agency for Strategic Initiatives, who delivered a presentation on a "road... 

Brics nations must do away with restrictive barriers to trade

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