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Latest Videos
Post-Panama, there are lessons to be learnt in fighting corruption 
By: Natasha Odendaal 30th May 2016 The so-called Panama Papers should be used as a launchpad to develop multi-jurisdictional efficiencies and to promote an exchange of best practices globally to fight corruption and mitigate widespread illicit financial flows. Swiss Foreign Ministry public international law and legal adviser and... →
Bidcorp lists on JSE, creates platform for growth
By: Mia Breytenbach 30th May 2016 International broad-line foodservice group Bid Corporation Limited (Bidcorp), which houses the international and local foodservice operations and assets unbundled from Bidvest Group Limited, has listed on the Johannesburg Stock Exchange (JSE) in an attempt to facilitate future growth. Speaking at... →
Growing CSI project in KwaZulu-Natal
By: Victor Moolman 27th May 2016 More business and projects in KwaZulu-Natal has subsequently led to increased involvement in corporate social investment (CSI) projects there for international engineering and project management consultancy Royal HaskoningDHV. →
‘Steel committee’ to be set up to monitor AMSA’s ‘fair pricing’ pledge
By: Terence Creamer 26th May 2016 Government would, within weeks, finalise a “fair pricing” agreement with steel producer ArcelorMittal South Africa (AMSA) and establish a “steel committee” to monitor implementation of the formula, which would be based on a basket of selling prices in Europe, Asia and North America. Department of... →
Metals sector forfeiting billions as imports capture 55% domestic market share
By: Terence Creamer 26th May 2016 The share held by South African metals and engineering producers of the domestic market fell to just 45% last year as imports continued to rise, representing a material decline from a peak of over 65% in 2002. In fact, Steel and Engineering Industries Federation of Southern Africa chief economist... →
Manufacturing sector sentiment tumbles in Q1
By: Natasha Odendaal 25th May 2016 Falling sales, rising unsold inventory levels and increased costs marred the sentiment of the manufacturing sector during the first quarter of the year. The Manufacturing Circle’s 2016 first quarter manufacturing survey, released on Wednesday, showed a deterioration in sentiment over the past... →
More X’Trapolis Mega trains delivered to PRASA
By: David Oliveira 25th May 2016 The Passenger Rail Agency of South Africa (PRASA) has, to date, taken delivery of five X’Trapolis Mega train sets being manufactured by the Gibela Rail Transportation Consortium, in Brazil. A further two of the train sets, each comprising six coaches, were en route to South Africa, while the... →
New highly profitable acid mine water solution unveiled 
By: Martin Creamer 24th May 2016 A process has been developed that yields handsome profits by converting acid mine water into valuable fertiliser materials. The process, which purifies the water free of charge, removes all of the total dissolved solids and converts them into saleable products. →
S&P's downgrade will tip South Africa into job-shedding recession, bank economist warns
By: Terence Creamer 23rd May 2016 A downgrade of South Africa’s credit rating to junk was currently only partially priced in, a leading bank economist warned on Monday, arguing that a negative assessment by Standard & Poor’s (S&P’s) on June 3 would most probably trigger a recession and precipitate the shedding on around 200 000... →
South Africa’s economy at a crossroads, Sunter warns
By: David Oliveira 20th May 2016 The Swiss-based International Institute of Management Development’s 2015 ‘World Competitiveness Report’ (WCR) ranked South Africa’s economy 53 out of 63, highlighting that the country’s economy remains a significant player in the global economy, said futurologist Clem Sunter during the 95-year... →
Technical team set up to craft post-2020 automotive master plan
By: Terence Creamer 9th May 2016 Trade and Industry Minister Dr Rob Davies formally announced on Monday the establishment of a team of technical experts to develop a “post-2020 Automotive Master Plan”, which would guide support for the sector beyond the current Automotive Production and Development Plan (APDP). Speaking during... →
PPC planning to double every ten years
By: Martin Creamer 29th April 2016 The target of major cement producer PPC to more than double the size of its business every ten years to retain its market share in Africa is based on the continent’s world-leading rate of urbanisation and the projection that the population of Africa will double by 2050. →
Commission study shows only 47% alignment between Budget and NDP
By: Terence Creamer 22nd April 2016 A preliminary analysis conducted by South Africa’s second National Planning Commission (NPC) of the current alignment between the country’s Budget and the National Development Plan (NDP) shows there to be only a 47% correlation. Nevertheless, Minister in the Presidency Jeff Radebe, who is NPC... →
Datacentrix's transformation journey yields fruit
By: Natasha Odendaal 19th April 2016 After a years-long transformational journey, Datacentrix has made significant gains in delivering an agile, single-minded, customer-centric company with the capability to assist customers in navigating the ever-changing information technology (IT) landscape. The integrated information and... →
Sanral rubbishes Outa’s claim that GFIP was 321% overpriced, questions its motives
By: Ilan Solomons 12th April 2016 The conclusions reached in the Organisation Undoing Tax Abuse’s (Outa’s) recent position paper only served the objective of Outa, namely to discredit the South African National Roads Agency Limited (Sanral) and the road agency’s integrity, said Sanral spokesperson Vusi Mona on Tuesday. In a media... →
Google commits to training 1m people in Africa in 12 months
By: Natasha Odendaal 12th April 2016 Google, in partnership with Livity Africa, has committed to upgrading the digital skills of some one-million people across Africa over the next 12 months by expanding its Digify digital training initiative onto a free-of-charge online training platform. DigifyAfrica.com currently had nine online... →
Commodity shock knocks Africa’s growth prospects – World Bank
By: Terence Creamer 11th April 2016 The World Bank has lowered its 2016 growth forecast for Africa to 3.3%, from 4.2% previously, after the continent expanded by only 3% in 2015; the slowest pace of growth since the 2009 global financial crisis and well below the 6.8% levels experienced by the continent between 2003 and 2008. The... →
Hulisani joins the JSE, leverages demand for energy assets
By: David Oliveira 7th April 2016 Newly established renewable energy special-purpose acquisition (Spac) company Hulisani on Thursday listed on the main board of the Johannesburg Stock Exchange (JSE), taking advantage of investor demand for energy assets in South Africa and Africa. Hulisani CEO Mlungelo Zilimbola highlighted that... →
Needy university students to benefit from new education fund
By: Sane Dhlamini 7th April 2016 Former University of the Witwatersrand (Wits) student presidents and SRC members launched the South African Student Solidarity Foundation for Education (SASSFE) on Wednesday at the institution, with the aim of mobilising significant financial support for the tertiary education sector in South... →
TE hands over first batch of wagons to Swaziland Railway
By: Anine Kilian 6th April 2016 Transnet Engineering (TE) on Wednesday presented 25 fuel tanker wagons and 20 container wagons to Swaziland Railway. The wagons, which cost R35-million, were delivered ahead of schedule and formed part of an order for 90 wagons, with the remaining 45 to be delivered in May. →
Govt intent on creating incentives for mines to benefit from platinum fuel-cell investment
By: Martin Creamer 5th April 2016 The South African government is intent on creating incentives for mines to derive greater benefit from investing in platinum fuel-cell technology. Science and Technology Minister Naledi Pandor, who spoke at the launch by Impala Platinum (Implats) of a fuel cell forklift and hydrogen refuelling... →
Local consulting engineering firms take a confidence knock
By: Natasha Odendaal 5th April 2016 Despite remaining relatively optimistic owing to pending projects under South Africa’s National Development Plan (NDP), the country’s lack of a concrete pipeline has caused consulting engineers’ confidence to plummet to 36%, matching the business and construction outlooks. There seemed to be... →
Goodbye car keys, hello phone – Volvo
By: Irma Venter 4th April 2016 For decades, drivers have been accustomed to accessing and driving cars with physical keys. However, in a break from tradition, and in keeping with a rapidly digitising world, Volvo Cars aims to become the world’s first car manufacturer to offer vehicles without keys, as from 2017. Instead, Volvo... →
Concourt judgment a significant moment for the country – Maimane
By: Sane Dhlamini 1st April 2016 Democratic Alliance (DA) leader Mmusi Maimane said Thursday marked a significant moment in South Africa’s democracy following the Constitutional Court’s judgment in the Nkandla saga. The Constitutional Court ruled that President Jacob Zuma was liable to pay some of the money spent on upgrades at... →
Master Drilling maintains eye on growth as strategy gains traction
By: Natasha Odendaal 31st March 2016 JSE-listed Master Drilling continued to pursue its geographic, commodity and business diversification strategy throughout 2015, with gains expected to start being realised in the coming year. The company had set the platform with the acquisition of a Sweden-based company and its Chilean... →
Implats boosts fuel cell outlook at impressive launch
By: Martin Creamer 31st March 2016 Platinum mining company Impala Platinum (Implats) on Thursday unveiled a hydrogen fuel cell forklift and hydrogen refuelling station in the presence of Science and Technology Minister Naledi Pandor and Gauteng Premier David Makhura at the Impala Refineries in Springs. The R12-million initiative,... →
Transnet pursuing R3bn Africa rail pipeline as it delivers coaches to Botswana Rail
By: Terence Creamer 22nd March 2016 The engineering unit of South Africa’s State-owned logistics utility Transnet is actively pursuing R3-billion-worth of possible rolling-stock contracts across Africa, notwithstanding a weakened rail investment climate precipitated by a decline in commodity prices. Speaking at the official launch... →
Seifsa bemoans lack of ‘concrete plans’ to tackle slow pace of economic growth
By: David Oliveira 18th March 2016 The Steel and Engineering Industries Federation of Southern Africa (Seifsa) has welcomed government’s announced efforts to reduce its expenditure; however, the organisation remained concerned about the lack of concrete plans to address the country’s slow economic growth. Speaking a day after... →
S Africa punches above its weight in green building
By: Natasha Odendaal 15th March 2016 South Africa is fast becoming a frontrunner in green building and, if its current commitment to green activity continues, the country will be a leader in the global green market in the next three years, a new report has revealed. South Africa had the highest proportion of green building projects... →
Gordhan vs Zuma
By: Aubrey Matshiqi 11th March 2016 The course of history can, and may, be changed by a single event. In the case of President Jacob Zuma, that event may be the decision to fire Nhlanhla Nene as South Africa's Finance Minister on December 9, 2015. By firing Nene, the President unleashed political and economic forces he clearly did... →
Latest power tariff rise to nullify benefit of 2015 cost-cutting – Amplats
By: Martin Creamer 9th March 2016 The latest 9% electricity tariff increase allowed to State power utility Eskom was set to nullify the benefit of the cost-cutting programme that Anglo American Platinum (Amplats) undertook last year, Amplats CEO Chris Griffith said on Wednesday. Speaking to Creamer Media’s Mining Weekly Online... →
Sasol outlines dual Southern Africa, North America growth plans
By: Martin Creamer 8th March 2016 Despite the lower-for-much-longer oil price outlook, integrated chemicals and energy company Sasol is remaining focused on executing growth projects in Southern Africa and North America as part of a dual regional strategy. In presenting 63%-lower earnings attributable to shareholders in the six... →
Resilient Sasol weathering storm
By: Martin Creamer 7th March 2016 Worsening market volatility and uncertainty have prompted Sasol to raise its cash conservation target to an even higher outside range of R75-billion from a previous R50-billion. The intensified response plan in response to the low oil price ensured balance sheet and earnings resilience at an oil... →
Sasol sees another R8bn half-year capex going into Southern Africa
By: Martin Creamer 7th March 2016 After spending half-year capital of R8.6-billion in Southern Africa in the six months to December 31, integrated chemicals and energy group Sasol expects to invest a similar capital amount in the region in the current half year. Speaking to Creamer Media’s Engineering News Online after the... →
Eqstra H1 profit falls on exit of noncore operations
By: Natasha Odendaal 1st March 2016 JSE-listed Eqstra’s profits plunged into the red during the first half of the 2016 financial year, as an exit plan and overall progress made on the company’s 2020 strategy – and resultant impairments on discontinued operations – weighed on the interim financial results. The integrated leasing and... →
Afrox enters ‘get strong’, ‘get business’ stages of turnaround plan as FY performance looks up
By: Natasha Odendaal 29th February 2016 The latest year-end results unpacked by gas provider African Oxygen (Afrox) on Monday showed a significant uptick in financial performance as the company entered the next stage of its expansive turnaround. The JSE-listed group posted a 284.5% surge in headline earnings per share (HEPS) from 36.2c... →
Areva and Rosatom on nuclear costs, secrecy and the South African tender
By: Terence Creamer 16th February 2016 Nuclear vendor Areva, which is planning to participate in a French industry bid for South Africa’s proposed nuclear build programme, indicated on Tuesday that, in the absence of an actual tender, it was not possible to offer any certainty as to the likely cost of the programme. It has been widely... →
AMSA’s R1.5bn competition settlement part of bigger image makeover to win steel protection
By: Terence Creamer 12th February 2016 Steel producer ArcelorMittal South Africa (AMSA) has made a R1.5-billion proposal to the Competition Commission to settle all outstanding matters against the company – if approved, it would be the largest competition-related fine ever paid by a single South African entity. Departing CEO Paul... →
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