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Latest Videos
South Africa’s institutions need to be protected, strengthened – Jonas 
By: Megan van Wyngaardt 5th April 2017 South Africa’s institutions have either been forsaken or deliberately weakened for political expedience, with State transformation becoming so politicised that economics is almost just about political power, former Deputy Finance Minister Mcebisi Jonas said on Wednesday. Speaking a week after... →
Localisation a key ‘policy tool’ for South Africa – Davies
By: Anine Kilian 4th April 2017 Localisation is an important policy tool for industrial development in South Africa and will assist in growing the economy and the manufacturing sector, Trade and Industry Minister Dr Rob Davies said on Tuesday. Speaking at the 2017 Proudly South African Buy Local Summit, in Johannesburg, he... →
New Transport Minister will not interfere in legal proceedings initiated by former PRASA board
By: Megan van Wyngaardt 3rd April 2017 Newly appointed Transport Minister Joe Maswanganyi on Monday said he would not interfere with ongoing court proceedings initiated by the former board of the Passenger Rail Agency of South Africa (PRASA) to have former Transport Minister Dipuo Peters’ decision to dissolve the board set aside.... →
Universal electrification a necessity for Africa
By: Anine Kilian 29th March 2017 The African continent must ensure universal access to electricity to resolve energy poverty, Energy Security Services Africa head Gareth Gregory said on Wednesday. Addressing a global audience at the Power & Electricity World Africa 2017 conference, he noted that it was unacceptable that the vast... →
South African in the Mars mix as race to the Red Planet heats up
By: Dylan Slater 24th March 2017 It is 2031 and the next space race has started with the launch of the largest-ever interplanetary space rocket and spaceship carrying four carefully selected astronauts on a mission to establish a human settlement on Mars – a planet that is, on average, 225-million km away. →
Weapon system controlled from vehicle
By: Victor Moolman 17th March 2017 Defence vehicle manufacturer Denel Vehicle Systems will deliver four Self Defence Remotely Operated Weapons (SD-ROW) systems and eight RG32M defence vehicles to the Namibian government by the end of this month for defence purposes and tactical observation. →
Industry needs a trade association to stabilise and grow
By: Victor Moolman 17th March 2017 Establishing a dominant instrumentation and control trade association in South Africa could help the local industry grow and mitigate possible absorption by international competitors, says Architects Integrating Industry (Ai2SA) MD Petrus Klopper. →
Global agriculture innovators vie for top honours at Future Agro Challenge awards
By: Megan van Wyngaardt 13th March 2017 Two South African innovators in the agriculture industry, Reel Gardening and Meat Naturally, will on Wednesday battle it out against 48 other agripreneurs for the title of Agripreneur of the Year. As part of agriculture innovation hub Future Agro Challenge’s (FAC’s) Global Championships, held in... →
Early signs pointing to recovery in foundry industry
By: Simone Liedtke 10th March 2017 With the foundry industry having been under pressure last year owing to very low levels of economic growth, the drought and continuing import leakage, the South African Institute of Foundrymen (Saif) believes that signs to date this year point towards some form of industry recovery. →
Metal casting technology station provides added value for industry
By: Simone Liedtke 10th March 2017 As a means to add value to the casting industry in South Africa, the Metal Casting Technology Station (MCTS) – located at the University of Johannesburg (UJ) – provides technical services such as testing, failure analyses, research and development (R&D) work in laboratories, as well as product... →
Outgoing Barloworld CEO on surviving tough times and the group’s prospects
By: David Oliveira 10th March 2017 JSE-listed Barloworld announced the appointment of new CEO Dominic Sewela, who replaced the outgoing Clive Thomson last month. Thomson was appointed in December 2006 and managed the South African industrial giant during some of the most challenging economic periods in recent history. →
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... →
Difficult trading conditions dull Clover’s H1 financial performance
By: Natasha Odendaal 1st March 2017 As branded consumer goods and beverages group Clover Industries works its way through muted trading and economic conditions, the JSE-listed group is progressing a number of strategies to set it back on a growth path. Unpacking the lacklustre financial results for the half-year ended December 31,... →
JSE results shows strong investment appetite remains
By: Megan van Wyngaardt 1st March 2017 Investor appetite in South Africa remains robust, despite the county having navigated a “particularly noisy socioeconomic environment” during 2016, with the JSE posting a 10% increase in its operating revenue to R2.3-billion. The largest stock exchange on the continent also tallied 18 new... →
Ekurhuleni launches new R8.9bn housing settlement in Boksburg
By: Megan van Wyngaardt 27th February 2017 A new R8.9-billion housing development project on the East Rand of Gauteng is set to provide 22 000 houses over the next seven years. The Leeuwpoort project, just off Rondebult road, comprises three integrated residential development areas, with two parts in the north, Parkdene Ext 7 and Reiger... →
Aveng to seek shareholder backing for sale of Grinaker-LTA stake to Kutana in March
By: Terence Creamer 21st February 2017 Construction and engineering group Aveng will seek shareholder approval before the end of March for the sale of a 51% beneficial interest in Aveng Grinaker-LTA to Kutana Construction, a black economic empowerment company. Aveng has also decided to include Aveng Water in the transaction, along... →
New panel established to guide Gauteng on infrastructure projects
By: Natasha Odendaal 20th February 2017 The Gauteng provincial government (GPG) has established an economic advisory panel to advise it on the roll-out of social and economic infrastructure projects planned for the next two years. GPG aims to leverage the various infrastructure projects planned for the next two years to promote the... →
Foreign policy rows all about the changing balance of power
By: Aubrey Matshiqi 17th February 2017 The year began with two rows on foreign policy. The first was about a visit to Taiwan by Solly Msimang in his capacity as the executive mayor of Tshwane. The second, which riled the African National Congress (ANC) even more, was about a visit to Israel by Democratic Alliance (DA) leader Mmusi... →
New black-owned compressed-air company launched
By: David Oliveira 17th February 2017 The South African compressed-air industry has celebrated its first 100% black-owned company following the launch of Enza Air, a division of industrial holdings company Asani Group, in Johannesburg earlier this month. “This is a very important day for us and signals the birth of a new player in... →
South Africa remains on junk ‘knife-edge’ as ANC succession takes centre stage
By: Terence Creamer 14th February 2017 South Africa will remain on a downgrade “knife-edge” in 2017, Standard Bank chief economist Goolam Ballim warns, despite the bank’s view that the country’s growth will recover to 1.4% from only 0.4% last year. Both Fitch Ratings and S&P Global currently have South African on ‘negative watch’,... →
AMSA keen to tap power tariff deal as Eskom mulls ‘incentive pricing’
By: Terence Creamer 10th February 2017 Steel producer ArcelorMittal South Africa (AMSA) is optimistic that Eskom, with the support of the energy regulatory, could extend pricing incentives to it and other energy-intensive businesses in light of its surplus position and government’s appeal for interventions to reignite growth in the... →
IBM launches free digital skills development platform for Africa
By: Schalk Burger 9th February 2017 Technology multinational IBM has launched a $70-million (R945-million) digital literacy and skills development initiative aimed at training 25-million people in Africa over five years. The Digital Nation Africa (DNA) initiative is being undertaken in partnership with African universities,... →
Cesa eyes ambitious consulting engineering profession transformation strategy
By: Natasha Odendaal 8th February 2017 A year after taking a back-to-basics approach, Consulting Engineers South Africa (Cesa) is gearing up to tackle transformation within its membership base and throughout its industry, with a transformation committee embarking on a process to develop the industry body’s proposed interventions to... →
Sappi to invest $305m in US, Europe mills
By: Anine Kilian 8th February 2017 JSE-listed Sappi will invest $305-million over a three-year period in certain of its operations in the US and Europe, the company said on Wednesday. Reporting on its results for the first quarter of the 2017 financial year, it highlighted that it would invest $165-million in upgrading a paper... →
Outa calls on Ministers to establish commission of inquiry into ‘excessive’ GFIP costs
By: Megan van Wyngaardt 6th February 2017 The Organisation Undoing Tax Abuse (Outa) on Monday called on Transport Minister Dipuo Peters and Public Enterprises Minister Lynne Brown to intervene and commit to introducing a commission of inquiry into the “excessive costs” of the first phase of the Gauteng Freeway Improvement Project (GFIP),... →
Hudaco posts higher FY earnings, overcomes 2015's tough trading environment
By: Anine Kilian 3rd February 2017 JSE-listed industrial products provider Hudaco posted an increase in earnings for the year ended November 30, 2016, overcoming the “exceedingly difficult” trading environment in the prior financial year. Speaking at a presentation of the group’s results, CEO Graham Dunford said Hudaco was... →
Sappi celebrates 80 years on the JSE
By: Megan van Wyngaardt 31st January 2017 Pulp and paper producer Sappi on Tuesday celebrated its eightieth year as a JSE-listed company, as well as the fact that it was, once again, part of the bourse’s Top 40 Index, which includes the 40 largest companies by market capitalisation included in the FTSE/JSE All Shares Index. Sappi has... →
Ongoing solar projects promote IPP success
By: Sascha Solomons 27th January 2017 Global private engineering and technology company Sener and its engineering, procurement and construction (EPC) partners, Emvelo and Cobra, are scheduled to complete the EPC of the 100 MW Ilanga solar thermal power plant near Upington, in the Northern Cape, at the end of 2018. The company... →
Camden power station to receive last of 164 burners
By: Victor Moolman 27th January 2017 Engineering company Hlakani Engineering will deliver the last of the 164 custom made burners to State-owned power utility Eskom’s Camden power station, in Mpumalanga, in the second half of this year. →
Equipment firm launches new sit-on cleaner
By: Dylan Slater 27th January 2017 Industrial cleaning equipment supplier Goscor Cleaning Equipment launched the new M17 sit-on sweeper-scrubber, manufactured by cleaning equipment company Tennant, in November 2016. →
Exxaro will support any ‘sustainable’ plan for restarting Arnot
By: Terence Creamer 26th January 2017 Mining group Exxaro says it will be guided by Eskom on the future of the Arnot coal mine, in Mpumalanga, which was closed after Eskom’s contentious December 31, 2015, decision not to renew a 40-year coal supply agreement (CSA) with Arnot, an Eskom-tied mine operated by Exxaro. The termination of... →
New ICT policy could throw industry into tailspin, warns analyst
By: Natasha Odendaal 25th January 2017 Despite the positive, well-intended rationale behind South Africa’s new National Integrated Information and Communication Technologies (ICT) Policy White Paper, the implementation of the policy could turn the industry on its head and into untested, questionable territory. The implementation of... →
Anglo confident of ‘favourable outcome’ with Eskom on sale of three tied coal mines
By: Terence Creamer 25th January 2017 Mining group Anglo American says it has held discussions with and continues to engage with Eskom, government and potential bidders on its plan to exit its Eskom-tied mines – Kriel, New Denmark and New Vaal. Responding to Eskom interim CEO Matshela Koko’s insistence that Eskom had assets at the... →
Investment key to raising South Africa’s lagging growth potential – World Bank
By: Terence Creamer 17th January 2017 The World Bank says raising private investment in South Africa will be critical to increasing the country’s growth potential above its current estimate of only 1.3%, which is well below the National Development Plan’s (NDP’s) aspiration of 5.4% a year. In its ninth South Africa Economic Update,... →
Organic growth in local companies to boost employment, but scarce skills a concern – PwC
By: Megan van Wyngaardt 17th January 2017 Amid the country’s rising unemployment rate, 83% of South African CEOs are confident about their company’s prospects for revenue growth over the next year, which will result in an increase in headcount. In its eighth South African edition of the yearly Global CEO Survey, financial services firm... →
Ford South Africa recalls Kuga model
By: Anine Kilian 16th January 2017 Ford South Africa has recalled its 1.6 litre Ford Kuga model. CEO Jeffrey Nemeth on Monday said the recall was limited to 1.6 litre models manufactured in Valencia, Spain, between December 2012 and February 2014. About 4 556 vehicles will be affected by the safety recall. →
Draft new built environment regulations to be completed by financial year-end – Nxesi
By: Anine Kilian 13th January 2017 The Department of Public Works (DPW) is reviewing “outdated” legislation that regulates the built environment. Addressing media on the sidelines of a DPW bursary awards ceremony in Centurion, on Friday, Public Works Minister Thulas Nxesi noted that the department intends to have new built... →
2016: Year of Orwellian manipulation
By: Aubrey Matshiqi 16th December 2016 We must declare 2016 the year of Orwellian manipulation. For the purposes of this article, Orwellian manipulation is about presenting falsehoods as truths, and truths as falsehoods. The aim is to distort political reality and, thereby, change the political environment to the disadvantage of... →
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