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EFF seeks 60% State ownership of mines, govt as custodian of farmland 

By: Irma Venter     29th September 2015 When the Economic Freedom Fighters (EFF) spoke of nationalising South Africa’s mines, it meant that the State would own 60% of the operation, said party leader Julius Malema in Johannesburg on Tuesday. Speaking at an American Chamber of Commerce (AmCham) breakfast, Malema said this move would not... 

EFF seeks 60% State ownership of mines, govt as custodian of farmland
EFF leader Julius Malema discusses the party's mining policy

Filtration firm launches SA distribution hub 

By: Anine Kilian     25th September 2015 Automotive, air and fuel filtration manufacturer Ryco launched its first South African-based warehouse and distribution centre in Midrand, Gauteng, last month. The office will service Ryco’s sub-Saharan Africa clients. Ryco CEO Leigh Morrison told Engineering News at the launch that Midrand was... 

Filtration firm launches SA distribution hub
To watch a video in which Ryco MD Leigh Morrison tells Mining Weekly the reasons behind choosing Midrand, Gauteng as the company’s sub-Saharam African hub scan the barcode with your phone’s QR reader or go to Video Reports on www.miningweekly.com.

SAA, Samsung launch in-flight entertainment partnership  

By: Megan van Wyngaardt     22nd September 2015 National carrier South African Airways (SAA) and technology giant Samsung Electronics South Africa have partnered to launch new in-flight entertainment for business class passengers on its regional flights of less than four hours. The entertainment, which would be made available on Samsung HF10.1... 

SAA, Samsung launch in-flight entertainment partnership
SAA global marketing head Kim Thipe and Samsung Electronics corporate marketing director Dr Michelle Potgieter discuss the addition of inflight entertainment on certain regional flights. Video work: Darlene Creamer

Zendai to break ground on first residential development 

By: Natasha Odendaal     22nd September 2015 Hong Kong-listed Shanghai Zendai is set to break ground on its first luxury residential development in South Africa as part of its wider long-term 25- to 40-year plans to transform its expansive Modderfontein-based property into a 22 km2 mixed-use ‘city’ in proximity to OR Tambo International... 

Zendai to break ground on first residential development
ZDSA CEO Anthony Diepenbroek discusses Zendai's Modderfontein property development and maiden residential estate launch. Camerawork and editing: Nicholas Boyd.

DBSA bullish on loans ramp-up as it reports record disbursements of R13bn in 2015 

By: Terence Creamer     18th September 2015 The Development Bank of Southern Africa (DBSA) – which disbursed a record R13-billion during 2015, from R12.7-billion in the prior year – remained optimistic that it could ramp up loan disbursements to R25-billion a year by 2018 as it sought to give greater emphasis to its developmental mandate.... 

DBSA bullish on loans ramp-up as it reports record disbursements of R13bn in 2015
Finance Minister and DBSA govenor Nhlanhla Nene and DBSA CEO Patrick Dlamini on the role of the bank in driving infrastructure development. Camera Work & Editing: Nicholas Boyd. Recorded: 18.9.2015

Industrial elements manufacturer upgrades technology  

By: Dylan Stewart     18th September 2015 Benoni-based industrial elements manufacturer Independent Elements is adopting a number of new technologies that will enhance the reliability of the company’s product range, says Independent Elements chairperson Harry Flowers. 

Industrial elements manufacturer upgrades technology
Independent Elements chairperson Harry Flowers discusses the company’s operations amid a trying economy

Clover's African expansion plans to get $34m boost, FY15 results pleasing 

By: Tracy Hancock     16th September 2015 JSE-listed dairy products producer Clover, which has been voted the fifth-strongest brand in South Africa, is eyeing a $34-million investment in Africa in line with its expansion strategy. Speaking to Engineering News Online at the company’s results presentation for the 12 months ended June 30 on... 

Clover's African expansion plans to get $34m boost, FY15 results pleasing
Clover CEO Johann Vorster speaking to Engineering News Online at the company’s results presentation. Camera Work & Editing: Darlene Creamer. Recorded: 16.9.2015

Steel industry talks about striking ‘protection and competitiveness balance’ 

By: Terence Creamer     14th September 2015 The current discussions between government and the steel industry are focused primarily on striking the “appropriate balance between protection and competitiveness”, Economic Development Minister Ebrahim Patel told Engineering News Online in an exclusive interview on Monday. He added that the... 

Steel industry talks about striking ‘protection and competitiveness balance’
Economic Development Minister Ebrahim Patel speaks onthe current crisis facing the domestic steel industry. Camera Work & Editing: Darlene Creamer. Recorded: 14.9.2015

IDC sticks to R100bn, five-year loans target despite 2015 pull-back 

By: Terence Creamer     14th September 2015 The State-owned Industrial Development Corporation (IDC), which reported a fall in loan approvals and disbursements in 2015, has retained its five-year target of injecting R100-billion of development finance into the South African economy by 2020, despite weak market conditions. During 2015, the... 

IDC sticks to R100bn, five-year loans target despite 2015 pull-back
Industrial Development Corporation chairperson Busi Mabuza, CEO Geoffrey Qhena and Economic Development Minister Ebrahim Patel on the group's strategy evolution. Camera Work & Editing: Darlene Creamer. Recorded: 14.9.2015

Hysterical pessimism not the solution to South Africa’s problems 

By: Aubrey Matshiqi     11th September 2015 In the book Capitalism, Socialism and Democracy, Joseph Schumpeter states: “Frank presentation of ominous facts was never more necessary than it is today because we seem to have developed escapism into a system of thought.” Schumpeter wrote this in the 1940s but his words are as profound today as... 

Hysterical pessimism  not the solution to  South Africa’s problems
Political analyst Aubrey Matshiqi discusses hysterical pessimism and solutions to South Africa’s problems. (Camera & Editing: Darlene Creamer)

Tsogo Sun nears completion of casino revamp 

By: Megan van Wyngaardt     10th September 2015 The first phase of Tsogo Sun’s R640-million refurbishment and expansion of the Gold Reef City complex, which focused on the casino, is nearing completion. Construction, which started a year ago, saw the rejuvenation of the casino with new carpeting, upgraded lighting and décor and additional slot... 

Tsogo Sun nears completion of casino revamp
Tsogo Sun CEO Marcel von Aulock and Gold Reef city development director Zibusiso Kganyago talk about the phase one refurbishment of the Gold Reef City complex. Video and editing: Nicholas Boyd

Schneider signs switchgear production agreement with local manufacturer – a first globally 

By: Sashnee Moodley     9th September 2015 Global energy management specialist Schneider Electric has entered into a manufacturing partnerships agreement with local electrical products manufacturer Steelcor Power to produce Schneider’s new Premset smart-grid-ready, medium-voltage (MV) switchgear.  

Schneider signs switchgear production agreement with local manufacturer – a first globally
Schneider Electric country president Eric Léger discusses the manufacturing partnership agreement with Steelcor Power to produce Schneider’s new Premset smart-grid-ready, MV switchgear

New Blue Train business plan to include more trains, routes and domestic tourism packages  

By: Terence Creamer     8th September 2015 South Africa’s iconic Blue Train could be recapitalised and expanded following the announcement of a new public–private partnership between State-owned freight logistics utility Transnet and tourism and leisure group Sun International. The five-star luxury “hotel on wheels” – which was first... 

New Blue Train business plan to include more trains, routes and domestic tourism packages
Transnet acting CEO Siyabonga Gama and Sun International CEO Graeme Stephens on a new business partnership for South Africa's iconic Blue Train. Camera Work & Editing: Darlene Creamer. Recorded: 8.9.2015.

Sasol ‘excited’ by South Africa’s gas-to-power prospects 

By: Terence Creamer     7th September 2015 Energy and chemicals group Sasol has again indicated a desire to participate in South Africa’s upcoming gas-to-power programme, confirming on Monday that it had responded to the Department of Energy’s recent request for information and that it was also considering investment options along the... 

Sasol ‘excited’ by South Africa’s gas-to-power prospects
Sasol executive VP Southern African Operations Bernard Klingenberg on cost savings, Mozambique and South Africa's gas-to-power plan. Camera Work & Editing: Nicholas Boyd. Recorded: 7.9.2015

Sasol sees low oil prices persisting to 2017, but expects strong upswing by decade’s end 

By: Terence Creamer     7th September 2015 Energy and chemicals group Sasol reported a 17% fall in headline earnings to R49.76/share in the year to June 30, 2015, with a strong operational performance offset by a sharp weakening in market conditions, including a year-on-year oil price decline of 33%. Outgoing President and CEO David... 

Sasol sees low oil prices persisting to 2017, but expects strong upswing by decade’s end
Sasol CEO David Constable on the outlook for the oil price. Camera Work & Editing: Nicholas Boyd. Recorded: 7.9.2015

Gas represents a R250bn opportunity for South Africa – McKinsey  

By: Terence Creamer     1st September 2015 Global management consultancy McKinsey & Company argues that South Africa should urgently pursue a ‘big gas’ energy option to bridge an electricity supply gap of between 6 GW and 10 GW that could arise by 2025 as older coal-fired power stations are decommissioned. The recommendation is contained... 

Gas represents a R250bn opportunity for South Africa – McKinsey
McKinsey & Company principal Christine Wu on South Africa's 'big gas' opportunity. Camera Work & Editing: Darlene Creamer. Recorded: 31.8.2015

GIBS, AmCham launch leadership programme 

By: Megan van Wyngaardt     27th August 2015 The Gordon Institute of Business Science (GIBS) has, in partnership with the American Chamber of Commerce (AmCham) and the Gauteng provincial government, launched a public–private partnership to improve leadership. The partnership, in the form of a training programme, was aimed at improving the... 

GIBS, AmCham launch leadership programme
Gauteng Premier David Makhura speaks at the launch of a new leadership programme

Imperial to lessen dependence on auto, SA markets 

By: Irma Venter     25th August 2015 The Imperial group had the desire to reduce its dependence on the motor industry and South Africa, owing to the impact of the weak rand on vehicle imports, and the high market share the company already had in South Africa, which limited its domestic growth opportunities, said CEO Mark Lamberti on... 

Imperial to lessen dependence on auto, SA markets
Imperial CEO Mark Lamberti discusses the economic environment in which Imperial operates

Joburg chosen to host 2017 Global Entrepreneurship Congress 

By: Sashnee Moodley     14th August 2015 Johannesburg has been chosen to host the Global Entrepreneurship Congress (GEC) in March 2017 – a first for Africa – that will bring together entrepreneurs, investors, researchers and policymakers to foster entrepreneurship worldwide as a tool for development.  

Joburg chosen to host 2017 Global Entrepreneurship Congress
panelists at the 2017 Global Entrepreneurship Congress media launch discuss the event’s benefits for local entrepreneurs

Protection of locally produced structural steel paramount  

By: Bruce Montiea     14th August 2015 Local designation is industry’s most effective tool when protecting the local steel construction industry against imported fabricated structural steel, says steel construction industry body the Southern African Institute of Steel Construction (Saisc). Saisc industry development executive Kobus de... 

Protection of locally produced  structural steel paramount
Kobus de Beer, SAISC Industry Development Executive, discusses challenges faced by the SA steel construction industry

Legislative changes to be supportive of offshore oil, gas drilling – Zuma 

By: Terence Creamer     13th August 2015 President Jacob Zuma says the finalisation of the Mineral and Petroleum Resources Development Act (MPRDA) Amendment Bill, which is currently in the Parliamentary process, will assist the country to accelerate offshore oil and gas exploration. Delivering an update in Pretoria on government’s... 

Legislative changes to be supportive of offshore oil, gas drilling – Zuma
President Jacob Zuma on offshore oil and gas aspect of the Oceans Economy Phakisa. Camera Work & Editing: Nicholas Boyd. Recorded: 13.8.2015

Mining Phakisa can help unlock mining, exploration investment – Chamber 

By: Terence Creamer     13th August 2015 The Chamber of Mines (CoM) has expressed optimism that the upcoming Mining Phakisa Laboratory, scheduled for October, will enable South African mining stakeholders to begin tackling prevailing impediments to mining and exploration investment and address issues undermining the competitiveness of... 

Mining Phakisa can help unlock mining, exploration investment – Chamber
President Jacob Zuma on the upcoming Mining Phakisa Laboratory. Camera Work & Editing: Nicholas Boyd. Recorded: 13.8.2015.

Eskom unveils new coal-sourcing strategy as it pursues R2bn Optimum claim  

By: Terence Creamer     11th August 2015 State-owned electricity utility Eskom has confirmed an overhaul to its coal-sourcing model, which could result in it withdrawing from its historical cost-plus arrangements with “tied collieries” in favour of arms-length commercial contracts with coal suppliers. The change in strategy came amid a... 

Eskom unveils new coal-sourcing strategy as it pursues R2bn Optimum claim
Acting Eskom CEO Brian Molefe on the group’s dispute with the Optimum coal mine and the utility’s evolving approach to future coal supply. Camera Work & Editing: Darlene Creamer. Recorded: 11.8.2015

Zest WEG still acquisitive after adding scale and scope to transformer offering  

By: Terence Creamer     7th August 2015 South African electrical equipment supplier and manufacturer Zest WEG remains on the prowl for “synergistic” acquisitions, having recently completed a transaction to buy TSS Transformers – a deal that materially increases its local manufacturing capabilities and heralds its entry into the... 

Zest WEG still acquisitive after adding scale and scope to transformer offering
Zest WEG CEO Louis Meiring in conversation with Engineering News Editor Terence Creamer on the company's latest acquisition and its prospects. Recording & Editing: Nicholas Boyd.

MTN reports double-digit fall in H1 earnings 

By: Natasha Odendaal     5th August 2015 Telecommunications group MTN on Wednesday posted a double-digit decline in earnings for the six months to June 30, as its Nigeria operations faced headwinds and foreign exchange fluctuations hit revenue. Group headline earnings a share plunged 10.3% to 654c during the six months, while earnings a... 

MTN reports double-digit fall in H1 earnings
MTN group CEO and president Sifiso Dabengwa presents the telecommunications group's results for the six months to June 30.

R50m mine design centre opens  

By: Martin Creamer     5th August 2015 The University of Pretoria’s new virtual and augmented reality mine design centre, which is set to revolutionise both surface and underground mine design, was officially opened on Tuesday evening. A total of R50-million has been invested in the centre, which has come out of a highly successful... 

R50m mine design centre opens
Pretoria University mining engineering head Ronny Webber-Youngman tells Mining Weekly Online’s Martin Creamer that the university's new mine design centre is set to revolutionise mine and industrial design on the continent of Africa. Video and Video Editing: Nicholas Boyd.

AMSA flags iron-ore import plan as it seeks new pricing deal with Kumba 

By: Terence Creamer     31st July 2015 Steel producer ArcelorMittal South Africa (AMSA) signalled on Friday that it was aiming to reopen historically fraught iron-ore pricing negotiations with Kumba Iron Ore, with CEO Paul O’Flaherty describing the current cost-plus arrangement as unsustainable in light of dramatic declines in... 

AMSA flags iron-ore import plan as it seeks new pricing deal with Kumba
ArcelorMittal South Africa CEO Paul O’Flaherty on the new iron-ore deal it is pursuing with Kumba. Camera Work & Editing: Nicholas Boyd. Recorded: 31.7.2015

Waterfall Estate secures slice of key HQ market 

By: Natalie Greve     29th July 2015 Providing capital growth fund Attacq with a 15-year project pipeline, the Waterfall City mixed-use development, in Midrand, has attracted a suite of corporates looking to consolidate their satellite centres into a single Gauteng foothold. Companies such as Massmart, PwC, Novartis, Cummins,... 

Waterfall Estate secures slice of key HQ market
Attacq CEO Morne Wilken discusses the progress of the Waterfall Estate development

Joburg chosen to host international entrepreneurship congress in 2017   

By: Sashnee Moodley     28th July 2015 Johannesburg has been chosen to host the Global Entrepreneurship Congress (GEC) in March 2017 – a first for Africa – that will bring together entrepreneurs, investors, researchers and policymakers to foster entrepreneurship worldwide as a tool for development.  

Joburg chosen to host international entrepreneurship congress in 2017
Panelists at the 2017 Global Entrepreneurship Congress media launch discuss the event’s benefits for local entrepreneurs. Video and editing: Nicholas Boyd

Hulamin focuses on growing local demand amid global headwinds 

By: Megan van Wyngaardt     27th July 2015 Weakened demand from China, paired with the ongoing electricity challenges in South Africa, have led to JSE-listed Hulamin’s headline earnings a share falling to 25c a share for the six months to June 30, compared with 40c in the first half of last year. Further, the company’s earnings before... 

Hulamin focuses on growing local demand amid global headwinds
Hulamin CEO Richard Jacob discusses the company's outlook

McDonald's SA seeks to build, scalable adaptable restaurants in future 

By: Tracy Hancock     23rd July 2015 McDonald’s South Africa CEO Greg Solomon says the company wants to use a “go-to-market” concept with regard to the construction of its future restaurants, producing scalable, adaptable buildings, “like a Meccano set”, adding modules as needed. “This is a huge trend for us,” he noted when hosting... 

McDonald's SA seeks to build, scalable adaptable restaurants in future
Engineering News speaks to McDonald's South Africca CEO Greg Solomon about the company's light steal frame restaurant roll-out.

South Africa’s new JSE-backed oil, gas code globally aligned 

By: Martin Creamer     22nd July 2015 The recently published South African Code for the Reporting of Oil and Gas (Samog) is fully aligned to the oil and gas reporting standards used globally. South African Oil and Gas Committee chairperson Andy Clay and Johannesburg Stock Exchange (JSE) GM corporate finance Annalie de Bruyn, who... 

South Africa’s new JSE-backed oil, gas code globally aligned
South African Oil and Gas Committee chairperson Andy Clay and Johannesburg Stock Exchange GM corporate finance Annalie de Bruyn provide Mining Weekly Online’s Martin Creamer with details of South Africa’s new code for oil and gas reporting. Camera Work and Video Editing: Darlene Creamer.

Volvo Car’s new XC90 first salvo in four-year product assault 

By: Irma Venter     22nd July 2015 Volvo Car South Africa (VCSA) will launch ten new models over the next four years, says newly appointed MD Greg Maruszewski. Four years from now, the new XC90, available in South Africa in August, “will be the oldest car in our showroom”, he adds. 

Volvo Car’s new XC90 first salvo in four-year product assault

Low iron-ore price killing jobs at Kumba 

By: Martin Creamer     21st July 2015 South African iron-ore major Kumba Iron Ore has taken the knife to 1 772 jobs as low iron-ore prices cut a swathe through the industry. Out of a previous complement of 572, only 221 permanent and fixed-term employees remained at head office, with the 351 head office jobs cut by the Anglo American... 

Low iron-ore price killing jobs at Kumba
Kumba Iron Ore CEO Norman Mbazima painted a sombre iron-ore picture at the company’s latest presentation of results attended by Mining Weekly Online’s Martin Creamer. Photographs: Duane Daws. Camera: Nicholas Boyd. Editing: Lionel da Silva.

Planning, cost containment emerge as PICC's top infrastructure priorities  

By: Terence Creamer     20th July 2015 Economic Development Minister Ebrahim Patel reports that improved capital project planning and cost containment have emerged as two leading priorities for the Presidential Infrastructure Coordinating Commission (PICC), which is overseeing government’s R4-trillion National Infrastructure Plan.... 

Planning, cost containment emerge as PICC's top infrastructure priorities
Economic Development Minister Ebrahim Patel on government's approach to the construction of public infrastructure. Camera Work & Editing: Nicholas Boyd. Recorded: 20.7.2015.

Signal-processing technique set for commercial testing 

By: Mia Breytenbach     17th July 2015 Having developed a new signal-processing technique for the vibration monitoring and testing of turbomachinery, the University of Pretoria’s (UP’s) Centre for Asset Integrity Management (C-AIM) research facility aims to create industry partnerships to develop this technique to maturity and... 

Signal-processing technique set for commercial testing
Centre for Asset Integrity Management director Professor Stephan Heyns discusses the importance of the research conducted at the centre.

User-pay infrastructure funding critical in light of on-budget resource constraint – Radebe  

By: Terence Creamer     16th July 2015 Minister in the Presidency Jeff Radebe has defended the user-pay principle as one of the mechanisms to finance critical infrastructure projects, warning that “on-budget” resources are limited and that “off-budget” solutions, such as public-private partnerships (PPPs), would need to be pursued to... 

User-pay infrastructure funding critical in light of on-budget resource constraint – Radebe
Gauteng Premier David Makhura offers a high-level view of the province's 30-year Infrastructure Master Plan. Camera Work: Nicholas Boyd. Editing: Lionel da Silva. Recorded: 16.7.2015.

Transnet says take-or-pay contracts offer volume ‘cover’ in weak commodity climate 

By: Terence Creamer     14th July 2015 State-owned freight logistics group Transnet is budgeting for continued growth in coal and iron-ore export volumes in 2015/16, despite weak commodity market conditions. The group railed 76.3-million tons of export coal last year, a material 12% increase on the 68.2-million tons achieved in... 

Transnet says take-or-pay contracts offer volume ‘cover’ in weak commodity climate
Acting Transnet CEO Siyabonga Gama on the performance and outlook for its commodity-rail business units. Camera Work & Editing: Nicholas Boyd. 14.7.2015

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