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Latest News

Ghosn could walk away with millions from Renault after quitting

By: Bloomberg     24th January 2019 Carlos Ghosn, who has quit as chairman and chief executive officer of Renault SA, may walk away from the carmaker with millions – even as he sits in a Tokyo prison charged with financial crimes. Renault’s board and Ghosn signed a two-year non-compete agreement in 2015 that would kick in whenever... 

Inner-city redevelopment project gets underway in Johannesburg

By: African News Agency      24th January 2019 The city of Johannesburg on Thursday launched a programme to rejuvenate the inner-city with a tour of the first three of 84 buildings targeted for development. The project is aimed at providing quality low-cost accommodation for residents to address a housing list backlog exceeding 300 000 units,... 

RBCT coal exports decline 

By: Martin Creamer     24th January 2019 Richards Bay Coal Terminal (RBCT) exported 73.47-million tonnes of coal in 2018, 4.1% less than in 2017. The main export destination of the South African-mined coal was Asia at 81.6%. 

RBCT coal exports decline

Sars vows to probe Bosasa tax evasion

By: African News Agency      24th January 2019 The South African Revenue Service (Sars) on Thursday said it would investigate allegations of tax evasion before the Zondo commission of inquiry into State capture "without fear or favour". In a media statement, the revenue service said it was concerned about the allegations that directors of... 

 Sars vows to probe Bosasa tax evasion

Unisa, Exxaro, Sanedi launch first institutional anaerobic digester  

24th January 2019 To promote renewable energy as a cost-effective technology amid climate change and global warming, the University of South Africa, Exxaro Resources and the South African National Energy Development Institution launched in November its first institutional anaerobic digester. Simone Liedtke reports. 

Unisa, Exxaro, Sanedi launch first institutional anaerobic digester
Unisa, Exxaro, Sanedi launch first institutional anaerobic digester

Boeing 'Flying Car' makes its first flight

By: Rebecca Campbell     24th January 2019 US aerospace group Boeing announced late on Wednesday (South African time) that its prototype autonomous urban air mobility vehicle had successfully made its maiden flight at Manassas, in the US State of Virginia, on Tuesday. Boeing calls the aircraft a passenger air vehicle (PAV). The maiden... 

Boeing 'Flying Car' makes its first flight
Photo by Boeing
Boeing’s PAV prototype hovering during its first flight

Eskom warns of impact of rising municipal debt on its sustainability 

By: Tasneem Bulbulia     24th January 2019 Rising municipal debt, coupled with Eskom’s poor financial and operational performance, pose a systemic risk to the sustainability of the company, State-owned Eskom CFO Calib Cassim said during public hearings into Eskom’s three-year tariff application, in Bloemfontein, on Wednesday. Cassim said... 

UCT researchers selected for research hubs to address global challenges

By: Sashnee Moodley     24th January 2019 Funding agency United Kingdom Research and Innovation (UKRI) and the Global Challenges Research Fund (GCRF) have selected University of Cape Town (UCT) researchers to establish research hubs at UK universities, to tackle some of the development challenges facing the world. The hubs offer five... 

UCT researchers selected for research hubs to address global challenges

Unops to raise $647m for 100 000 houses in Kenya

By: Marleny Arnoldi     24th January 2019 As part of United Nations Office for Project Services (Unops) and the government of Kenya’s landmark affordable housing agreement, the organisation and its partners will seek to attract $647-million to deliver at least 100 000 affordable housing units across the country. Unops will kickstart... 

Vodacom’s strong international operations offset South Africa’s lagging performance 

By: Natasha Odendaal     24th January 2019 JSE-listed Vodacom’s international operations have boosted the group’s financial performance in the quarter ended December 31, 2018, after a dip in the South African operations. The group’s revenue was up 1.5% to R23-billion and service revenue increased by 2.4% to R18.9-billion, while group data... 

Vodacom’s strong international operations offset South Africa’s lagging performance

Comair, Numsa reach wage agreement

By: African News Agency      24th January 2019 Comair and the National Union of Metalworkers of SA (Numsa) reached a wage settlement on Wednesday, the airliner said. “I am pleased to advise that Comair and Numsa have reached a two-year wage settlement,” said Wrenelle Stander, executive director of Comair’s Airline Division. 

Zimbabwe soldiers 'beating' protesters as crackdown continues

By: News24Wire      24th January 2019 Soldiers beat people on the streets of Zimbabwe's capital and second city Bulawayo overnight Tuesday, residents said, hours after President Emmerson Mnangagwa promised to investigate a security service crackdown on anti-government protesters. There was no immediate comment from the government or... 

Zimbabwe soldiers 'beating' protesters as crackdown continues

ArcelorMittal's Essar bid delays planned JV with SAIL -official

By: Reuters     23rd January 2019 ArcelorMittal's prolonged bid to buy debt-ridden Essar Steel is delaying the world's biggest steelmaker's joint venture with state-owned Steel Authority of India Ltd (SAIL), India's steel minister and SAIL's chairman said. India's biggest state-owned steel company SAIL and billionaire Lakshmi... 

State capture commission will not be collapsed, says Ramaphosa 

By: African News Agency      23rd January 2019 Government will not allow anyone to collapse the commission of inquiry into state capture, President Cyril Ramaphosa said on Wednesday. Addressing a media briefing at the World Economic Forum in Davos, Switzerland, Ramaphosa said revelations at the commission, which has implicated several cabinet... 

South Africa turning things around after 'decade of stagnation and paralysis' – Ramaphosa 

By: African News Agency      23rd January 2019 President Cyril Ramaphosa said that after almost a decade of "economic stagnation and political paralysis", South Africa has begun to turn things around. Speaking at a press conference at the World Economic Forum in Davos, Switzerland, Ramaphosa said: "We have entered a new period of hope and... 

ABA’s new factory to bolster black industrialists

By: Tasneem Bulbulia     23rd January 2019 Trade and Industry Deputy Minister Bulelani Magwanishe has described the opening of Africa Bespoke Apparel’s (ABA’s) R81-million factory, in Verulam, KwaZulu-Natal, this week, as a historic moment and a crucial milestone in the roll-out of the Black Industrialists Programme. The Department of... 

Tribunal to resume hearings into cement industry

By: Simone Liedtke     23rd January 2019 The Competition Tribunal will hear evidence in the cement industry cartel case, when the matter resumes in Pretoria, on Thursday. The case stems from a Competition Commission investigation, which probed alleged collusive conduct in the cement industry against Natal Portland Cement Cimpor (NPC),... 

Mott MacDonald appoints Liz King MD for Africa

By: Tasneem Bulbulia     23rd January 2019 Mott MacDonald has appointed Liz King MD of its business in Africa, succeeding George Rennie who has retired after 36 years at the company. King will be responsible for the day-to-day management and operational performance of the business in Africa where it currently operates in countries across... 

DWS raises concern over decline in Vaal water levels

By: Natasha Odendaal     23rd January 2019 The Department of Water and Sanitation (DWS) on Wednesday raised a red flag over the continued decline of the water levels of the Vaal dam. The Vaal dam, one of the major dams within the Integrated Vaal River System (IVRS), recorded water levels of 74.1% this week, compared with 79.4% in the... 

South Africa’s economic prospects 

23rd January 2019 Creamer Media's Chanel de Bruyn speaks to Engineering News Editor Terence Creamer about the IMF and World Bank’s expectations for South Africa’s economy in 2019, the risks that could prevent the country from achieving higher levels of economic growth and what to expects in the upcoming Budget in... 

South Africa’s economic prospects
South Africa’s economic prospects

DTPW provides update on Great Brak River roadworks

By: Simone Liedtke     23rd January 2019 The Western Cape Department of Transport and Public Works (DTPW) on Wednesday said its R182-million project to upgrade the R102 between Hartenbos and the Great Brak River, as well as the DR1578 between Tergniet and Wolwedans, would be completed by mid-2020. A number of construction activities are... 

DTPW provides update on Great Brak River roadworks
A number of stop/go controls will be implemented along the R102, between Hartenbos and the Great Brak River, to manage the flow of traffic where necessary

World Bank says Eskom debt restructuring should be coupled to power market reform  

By: Terence Creamer     23rd January 2019 World Bank country director Paul Noumba Um believes the South African government is moving in the “right direction” by pursuing discussions on possible debt relief for Eskom in conjunction with plans for restructuring the utility and overhauling the architecture of domestic power market. He also... 

World Bank says Eskom debt restructuring should be coupled to power market reform
World Bank country director Paul Noumba Um on restructuring of Eskom and the need for power-market reform. Camera Work & Editing: Darlene Creamer

Man electrocuted on roof of Cape Town train

By: News24Wire      23rd January 2019 A man was electrocuted on top of a train travelling from Philippi to Cape Town early on Wednesday morning, Metrorail Western Cape has confirmed. "It was the first train of the day and it is unclear what led to the incident. Emergency services, the police, Metrorail crews, forensics and a mortuary... 

Electric car growth rate to cool in 2019, says report

By: Irma Venter     23rd January 2019 Bloomberg New Energy Finance (BNEF) expects the electric passenger car sales growth rate to cool in 2019. In its ‘Transition in Energy, Transport – 10 Predictions for 2019’ report, BNEF says there are now almost five-million passenger electric vehicles (EVs) on the road globally. 

Electric car growth rate to cool in 2019, says report

New Imperial CEO to take over from Swanepoel in February

By: Simone Liedtke     23rd January 2019 Mohammed Akoojee will take over as CEO of integrated outsourced logistics provider Imperial Logistics with effect from February 1. This follows the earlier-than-expected conclusion of the handover process. 

SANDF warns civilians against wearing its uniforms, man nabbed

By: African News Agency      23rd January 2019 A 20-year-old Western Cape man allegedly seen on national television wearing an item of the uniform of the armed forces of the Republic of South Africa without authorisation has been arrested.  The arrested person was released on a warning and will appear before the Bellville Magistrate Court on... 

Giyani water project subcontractor 'determined to fight to the end'

By: News24Wire      23rd January 2019 Khato Civils, the subcontractors removed from the R3bn Giyani water project, is preparing to fight tooth and nail for its reinstatement. This follows the water and sanitation department's announcement on Tuesday that the contract between Lepelle Northern Water (LNW) and LTE Engineering had been... 

Kganyago says midpoint target allows for shocks

By: Bloomberg     23rd January 2019 South Africa’s central bank is seeking to anchor inflation at the midpoint of its target range of 3% to 6% to allow flexibility to deal with price shocks, Reserve Bank Governor Lesetja Kganyago said. While risks to global economic growth are “without a doubt” a dominant concern and the domestic... 

Kganyago says midpoint target allows for shocks
Photo by Bloomberg
Reserve Bank Governor Lesetja Kganyago

CEOs to be more cautious this year as uncertainty, pessimism prevail – PwC 

By: Simone Liedtke     22nd January 2019 There are consistent trends in the 2018 and 2019 results of PricewaterhouseCoopers’ (PwC’s) annual CEO survey, with global CEOs – including those based in South Africa – plagued by pessimism and uncertainty in the new year. According to the survey, which was released on Monday, caution among CEOs... 

CEOs to be more cautious this year as uncertainty, pessimism prevail – PwC
PricewaterhouseCoopers (PwC) Africa CEO Dion Shango speaks to Engineering News Online about the 2019 results of the company's annual CEO survey. Video & Editing: Nicholas Boyd

Business insolvencies to remain as long as GDP growth is subdued – Euler Hermes

By: Marleny Arnoldi     22nd January 2019 Credit insurance company Euler Hermes expects business insolvencies in South Africa to increase by about 2% this year, following a 3% increase in 2018. The company stated on Tuesday that this was the first outright deterioration since 2009 and the global financial crisis.  

MTN has paid $53m to settle Nigeria dispute – central bank 

By: Reuters     22nd January 2019 MTN has paid $53-million to settle a money transfer dispute with Nigeria's central bank and the matter has been withdrawn from court, Governor Godwin Emefiele said on Tuesday. The central bank had ordered MTN and its lenders to bring back a total of $8.1-billion it alleged the company had... 

World Bank says confidence not enough to lift South Africa’s growth prospects  

By: Terence Creamer     22nd January 2019 The World Bank expects South Africa's growth to pick up modestly in 2019 to 1.3% on the back of several “promising” policy announcements made by President Cyril Ramaphosa’s administration in 2018. It expects the economy to expand by 1.7% in 2020. Nevertheless, the bank believes that the country’s... 

World Bank says confidence not enough to lift South Africa’s growth prospects
World Bank progamme leader for equitable growth, finance and institutions Sebastien Dessus on South Africa’s 2019 growth outlook. Camera Work & Editing: Darlene Creamer. Recorded: 22.1.2019

LHDA appoints engineering panel for LHWP II

By: Natasha Odendaal     22nd January 2019 The Lesotho Highlands Development Authority (LHDA) on Tuesday announced the appointment of an engineering panel of experts for the second phase of the Lesotho Highlands water project (LHWP II). The panel comprises a selection of experts from the UK, Europe, the US and Australia, with the combined... 

New vehicle technology uses cobalt 

By: Martin Creamer     22nd January 2019 A promising new vehicle technology, which uses a cobalt-based catalyst, mirrors the world’s current ‘well-to-wheel’ refuelling ecosystem in being designed to allow motorists to call at conventional petrol stations to fill up with the liquid fuel from which hydrogen is extracted and then converted... 

New vehicle technology uses cobalt
Photo by Electriq-Global
Car that uses fuel consisting of mainly water converted into hydrogen and then electricity.

Airbus seeks to stimulate quantum computing for aircraft design

By: Rebecca Campbell     22nd January 2019 Europe-based global major aerospace and defence group Airbus launched on Tuesday a global quantum computing development competition. The Airbus Quantum Computing Challenge (AQCC) is intended to stimulate proposals and solutions regarding “complex optimisation and modelisation” (in Airbus’ words)... 

World Bank says Eskom simply too big to fail

By: News24Wire      22nd January 2019 The World Bank has argued that Eskom is too big to fail, and the South African economy would not withstand a financial meltdown of the cash-strapped power utility. "It is just too big to allow it to disintegrate, and fixing all these pieces will be costlier than trying to reform it," the bank’s... 

 World Bank says Eskom simply too big to fail

Cape Town’s WhereIsMyTransport expands to Latin America, India

By: Irma Venter     22nd January 2019 Public transport data and technology company WhereIsMyTransport has raised $1.85-million in funding from Liil Ventures and Goodwell Investments, as part of its Series A funding round. The funding will support the company’s expansion into Latin America and India. 

Cape Town’s WhereIsMyTransport expands to Latin America, India
Data collected by WhereIsMyTransport in Mexico City

GETI provides insights into talent environment for energy sectors

By: Tasneem Bulbulia     22nd January 2019 The third annual Global Energy Talent Index (GETI), the world’s largest energy recruitment and employment trends report, was released on Tuesday, and offered insights into five industry subsectors – oil and gas, renewables, power, nuclear and petrochemicals. The report, compiled by Airswift and... 

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