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Latest Videos
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... →
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... →
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... →
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.... →
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. →
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... →
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... →
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... →
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... →
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... →
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. →
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... →
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 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... →
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... →
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... →
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... →
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. →
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... →
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... →
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... →
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... →
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... →
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... →
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... →
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... →
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,... →
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. →
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... →
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... →
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... →
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. →
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... →
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.... →
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... →
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... →
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... →
South African steel industry faces global oversupply
By: Bruce Montiea 10th July 2015 The South African steel industry is under severe stress, an ongoing issue exemplified by steel and vanadium slag producer Evraz Highveld Steel & Vanadium filing for business rescue in April and integrated steel company ArcelorMittal South Africa reducing production capacity at some of its mills... →
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