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Latest Videos
Eskom insists R1 600/t is the ‘total cost’ of Anglo coal to Tutuka 
By: Terence Creamer 6th July 2016 State-owned electricity utility Eskom moved to clarify its statement that Anglo American’s New Denmark colliery had supplied coal to the Tutuka power station between April 2015 and May 2016 at R1 600/t – a level that group executive for generation Matshela Koko described as “unacceptable”. In a... →
Molefe in forceful defence of Gupta-linked coal deal 
By: Terence Creamer 5th July 2016 Eskom CEO Brian Molefe went on the offensive on Tuesday against critics of the State-owned utility’s recent coal contract with the Gupta-family-linked Tegeta Exploration and Resources, likening the role of the banks and the media in the “hullabaloo” to that of a “kangaroo court”. Speaking at the... →
Modernisation of steel plants crucial in South Africa
By: Robyn Wilkinson 1st July 2016 Global metallurgical processing plant supplier SMS group’s South African MD, Pieter Bezuidenhout, says the modernisation of South African steel plants is crucial in boosting the industry’s ability to remain internationally competitive in a difficult economic environment. →
Métier reports lower margins, higher revenue
By: Anine Kilian 30th June 2016 JSE-listed Sephaku Holdings’ mixed concrete subsidiary Métier increased its revenue 13% to R874-million in the year to March 31, but subdued demand from the construction industry resulted in prices remaining flat year-on-year, resulting in Métier having to prioritise cost management and the... →
TNPA luring private oil-services investors to Saldanha using ‘flexible’ terminal concessions
By: Terence Creamer 29th June 2016 Freight logistics group Transnet is optimistic of receiving positive responses to a tender for the development of an offshore supply base (OSSB) for the oil and gas industry in Saldanha Bay, reporting that around 120 people attended a tender site briefing this week. A request for proposals (RFP)... →
TNPA to add container capacity at Durban harbour as it puts dig-out port on hold
By: Terence Creamer 28th June 2016 Having pulled back from any immediate development of the so-called Durban Dig-Out Port (DDOP), Transnet National Ports Authority (TNPA) is moving ahead with two more modest projects to expand the container capacity at the Port of Durban. Transnet CEO Siyabonga Gama has indicated that the DDOP is... →
Transnet pares back capex as commodity slump impacts demand
By: Terence Creamer 27th June 2016 State-owned freight logistics group Transnet has pared back its 2016/17 capital expenditure (capex) plan in line with its strategy of “validating” demand ahead of moving ahead with major investments. The rail, ports and pipelines utility expects to invest around R22.8-billion during the 2017... →
Brexit deals 'resilient' South Africa a new complication
By: Natasha Odendaal 24th June 2016 As the UK’s decision to withdraw from the European Union (EU) this week sent ripples of uncertainty and volatility across an already unsteady global economy, South Africa’s Finance Minister Pravin Gordhan has moved to assure the public of the country’s strong trade ties and resilience. However,... →
South Africa should ensure small business participation through JVs, FDI investments – Zulu
By: Mia Breytenbach 20th June 2016 South Africa has to find ways of ensuring that small businesses participate actively in the global market, not just through export facilitation, trade exhibitions and market access opportunities obtained through preferential market opportunities, but also through joint ventures (JVs), foreign... →
Equipment supplier strengthens bonds with German companies
By: Simon Sonnekus 17th June 2016 The continued quality of German products has allowed Boksburg-based capital equipment and consumables provider Elquip Solutions to thrive in a challenging local market. According to Elquip Solutions MD Mike Cronin, the resounding quality of the German-made electrical, automation and mechanical... →
South African, Tunisian researchers display potential of light to increase bandwidth
By: David Oliveira 10th June 2016 Researchers from the University of the Witwatersrand (Wits) and the Council for Scientific and Industrial Research (CSIR) have published their findings in a study that shows it is possible to increase bandwidth using the patterns of light used in optical communications links. The researchers,... →
Need for greater focus on local welding skills
By: Robyn Wilkinson 10th June 2016 The lack of good quality artisanal skills in South Africa, specifically welding skills, calls for a bigger focus on the development of training schools, says specialised stainless steel products supplier Plasma Cut technical director Manny da Silva. →
Free State poised to be helium pioneer as gas developments unfold
By: Mia Breytenbach 10th June 2016 The discovery and proposed exploitation of a natural gas dome containing methane and some of the highest concentrations of helium in the world – South Africa’s first onshore gas find – in the Free State has created much excitement and visions of a local gas hub. “The Free State now has the... →
South Africa not immune from ‘Brexit’ fallout – economist
By: Terence Creamer 2nd June 2016 The outcome of the ‘Brexit’ referendum on Thursday June 23 is not of mere academic interest to South Africa and could have real consequences for the country’s trade relations with both Britain and the European Union (EU), academic economist Professor Peter Sinclair, of the University of... →
Corporates urged to support youth development through football programme
By: Sashnee Moodley 2nd June 2016 The South African Football Association’s (Safa’s) Development Agency (SDA) is urging corporate companies to partner and invest in its football-based Safe-Hub programme, which aims to encourage youth to engage in life skills programmes through the use of football. The Safe-Hub programme – which... →
Deputy Minister calls for junior mining Migdett
By: Martin Creamer 1st June 2016 South Africa needed to establish a Migdett – a mining industry growth, development and employment task team – for the junior mining sector, which was crucial for future exploration success, Deputy Mineral Resources Minister Godfrey Oliphant said on Wednesday. Oliphant reminded the Junior Indaba... →
Now is time for Africa to take charge of mining destiny – Dlamini Zuma
By: Martin Creamer 1st June 2016 Now is the time for Africa to take charge of its mining destiny, African Union (AU) Commission chairperson Dr Nkosazana Dlamini-Zuma told junior miners on Wednesday. Speaking at the Junior Indaba, the AU head drew repeated attention to the need for a new win-win approach to ensure that Africans... →
South Africa must grow its small business community – economist
By: Ilan Solomons 31st May 2016 It is impossible for South Africa to be economically successful without a much bigger, more vibrant small business community. It is an area of the economy that has huge potential to create many much-needed job opportunities, financial services provider Stanlib economist Kevin Lings told attendees... →
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. →
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