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S Africans encouraged to participate in nominating a new Public Protector 
By: Sashnee Moodley 8th February 2016 Nonprofit organisation (NPO) Corruption Watch on Monday launched the Bua Mzansi public awareness campaign in Johannesburg in an effort to engage South Africans to actively participate in this year’s process of nominating and appointing a new Public Protector. Thuli Madonsela would end her... →
Cesa adopts back-to-basics strategy for 2016
By: Natasha Odendaal 3rd February 2016 A back-to-basics approach is needed to ride out the current economic environment and bring the consulting engineering sector back in from the cold, Consulting Engineers South Africa (Cesa) president Lynne Pretorius said at her first presidential address on Wednesday. Speaking at the yearly event,... →
South Africa’s inaugural policy uncertainty index shows worrying spike
By: Terence Creamer 1st February 2016 South Africa’s first-ever Policy Uncertainty Index (PUI) has been launched, with the inaugural publication showing a “spike” in uncertainty during the fourth quarter of 2015 – a period during which President Jacob Zuma removed the well-regarded Nhlanhla Nene as Finance Minister. The index, which... →
Deloitte warns of higher taxes ahead of February budget speech
By: Megan van Wyngaardt 27th January 2016 This will be a watershed year for tax hikes, as South Africa faces sluggish economic growth, continuing electricity supply challenges, growing water shortages, a commodity price slump and rising inflation. These factors would strongly influence Finance Minister Pravin Gordhan’s Budget Speech on... →
Gauteng reveals potential bidders for R3.5bn Gautrain rolling stock contract
By: Natalie Greve 26th January 2016 Pointing to a sustained increase in ridership figures that continues to place strain on the Gautrain’s limited capacity, Gauteng MEC for Roads and Transport Dr Ismail Vadi has outlined the business case behind the decision to embark on a R3.5-billion acquisition of additional rolling stock for... →
People to talk to their cars following Volvo Cars, Microsoft deal
By: Irma Venter 22nd January 2016 Vehicle manufacturer Volvo Cars and technology group Microsoft are launching a voice control system that will allow Volvo owners to talk to their cars using the Microsoft Band 2 wearable device. The system will allow owners to instruct their vehicle to perform tasks remotely, such as setting a... →
Chinese economic slump not the precursor to Africa’s demise – Standard Bank CEO
By: Natalie Greve 21st January 2016 While Africa-friendly China’s economic growth languishes at 25-year lows, Standard Bank joint CEO Sim Tshabalala has deviated from popular economic opinion which cautions of a devastating knock-on effect of the slowdown on African economies, arguing instead that the Asian powerhouse’s transition... →
Wits, Unilever to pioneer practical work training for engineering students
By: Natalie Greve 19th January 2016 In the first corporate-academic partnership of its kind, consumer goods manufacturer Unilever South Africa and the University of the Witwatersrand (Wits) have announced a collaborative skills development programme that aims to provide promising engineering students with practical work experience... →
Fixed wireless deployment growing apace, especially in Europe
By: Schalk Burger 15th January 2016 South African antenna manufacturer Poynting derives about 50% of its revenue from consumer and enterprise fixed wireless antenna product sales in Europe, including Norway, Finland, Denmark and Sweden, says Poynting founder and chairman Dr André Fourie. Fixed wireless network access is growing... →
Gauteng shopping centre boasts largest rooftop PV installation in Africa
By: Anine Kilian 15th January 2016 Development company Hyprop’s regional shopping center Clearwater mall, in Johannesburg, Gauteng, tripled the generation output of its solar photovoltaic (PV) plant by adding an additional 1000 kWp to the system last month. The mall currently has the largest rooftop PV system in Africa. Hyprop... →
S Africa consumer uptake of US meats next Agoa ‘test’
By: Natasha Odendaal 8th January 2016 South Africa’s continued successful participation in the African Growth and Opportunity Act (Agoa) agreement now relies on consumers’ uptake of US poultry, pork and beef. South Africa and the US this week put to bed all long-standing disagreements over sanitary and phytosanitary matters... →
SA awaits US decision on missed Agoa deadline, assures of near resolution
By: Natasha Odendaal 4th January 2016 South Africa’s access to some of the duty-free trade benefits of the African Growth and Opportunity Act (Agoa) hangs in the balance as the nation enters “extra time” in meeting the demands of the US for the elimination of barriers to US poultry, beef and pork trade. With South Africa’s deadline... →
South African stainless sector expected to track sideways in 2016
By: Terence Creamer 11th December 2015 South Africa’s stainless steel consumption, which has recovered from the slump experienced during the 2009 recession, is expected to track sideways in 2016. Apparent consumption in 2015 rose 1.9% year-on-year to 190 000 t, which is below the post-crisis peak of nearly 210 000 t, but still... →
Science still on the backburner as Africa tends to other obstacles
By: Natasha Odendaal 8th December 2015 Science, technology and innovation is the solution to many of the challenges faced by Africa; however, it still takes a backseat as the continent strives for sustainable development. Despite science being critical to the mitigation of issues such as water scarcity and food security and disease... →
GWK depicts ‘humble’ farmer as ‘hero’ advancing economy
By: Tracy Hancock 7th December 2015 On the back of its most successful financial showing to date, reporting a profit of R163.8-million in 2015, a 57% increase on 2014, farmer-owned agribusiness GWK is ending the year by emphasising the integral role farmers play in supporting the growth of South Africa’s economy. The Douglas,... →
Water: Decide now on Lesotho 2, acid mine drainage projects – Prof
By: Martin Creamer 3rd December 2015 The Cabinet Ministers responsible for approving the second phase of the Lesotho Highlands Water Scheme should be asked to explain why this important project is being delayed – and should also be pressed to take decisions on acid mine drainage (AMD) projects as new sources of short-term water. In... →
Johannesburg municipality to continue public transport initiatives
By: Mia Breytenbach 27th November 2015 The City of Johannesburg municipality plans to continue its focus on the implementation of an integrated transport system through its transport legacy projects following the EcoMobility World Festival 2015, in the Sandton central business district (CBD). “[The festival] proved . . . that there is... →
Industrial equipment company opens new Wadeville sales office
By: Anine Kilian 27th November 2015 Industrial equipment sales and rental company Renttech South Africa launched its new sales outlet adjacent to its premises in Wadeville, Ekurhuleni last month. The facility has convenient access for many industries in the area - as well as power generation projects and local refineries – and... →
Upgraded City Deep seen as key to improving Joburg-Durban logistics performance
By: Terence Creamer 26th November 2015 State-owned freight logistics group Transnet formally opened its upgraded City Deep inland port on Thursday, reporting that its yearly container handling capacity had been doubled to 400 000 twenty-foot equivalent units (TEU) following an R800-million investment programme. The terminal, which is... →
Eskom says OCGT use falling from very high first-half levels
By: Terence Creamer 24th November 2015 Despite reporting a 1.7% period-on-period decline in electricity sales for the six months to the end of September, Eskom’s primary energy costs still rose 8% to R40.9-billion, with diesel accounting for 16%, or over R6.5-billion, of that bill. Sales slumped to 107 307 GWh from 109 168 GWh in the... →
Eskom plans ten-year tariff submission while pushing ahead with two clawback bids
By: Terence Creamer 24th November 2015 State-owned electricity producer Eskom plans to make an early fourth multiyear price determination (MYPD4) application to the National Energy Regulator of South Africa (Nersa) and also extend the tariff horizon in the submission to ten years, CFO Anoj Singh said on Tuesday. The current MYPD3... →
Banks offer up R12bn in Transnet deal as parastatal eyes R500bn spend over coming decade
By: Natalie Greve 23rd November 2015 Boosting the coffers earmarked for its ambitious locomotive fleet acquisition programme, State-owned logistics group Transnet has announced the successful conclusion of a R12-billion club loan with five of the country’s major financial institutions, ratifying what the parastatal described as... →
Local services app offers fast access to artisans
By: Schalk Burger 20th November 2015 The HelpOut application (app) aims to connect users with service businesses in their area to enable fast access to services and less travel for local artisans, says HelpOut founder and entrepreneur Francois Briers. The app uses a device’s global positioning system location to display the twenty... →
Weak demand not only cause of fall-off in load-shedding, Eskom insists
By: Terence Creamer 16th November 2015 South Africa’s State-owned electricity utility Eskom insisted on Monday that the performance of its generation fleet was on an improving “trend”, rebuffing arguments that its newfound ability to avoid load-shedding was primarily the result of sharply lower demand from industry. Speaking at a... →
Eskom expects tariff clawback to cover big portion of R30bn 2016 funding gap
By: Terence Creamer 16th November 2015 State-owned electricity producer Eskom says it should end its current financial year with a cash balance of between R10-billion and R15-billion and that its liquidity outlook for its 2016/17 financial year has also improved, with its funding requirement having narrowed from R47-billion to around... →
Sadara chemicals complex nears completion
By: Kimberley Smuts 13th November 2015 Sadara, a joint venture (JV) developed by the Saudi Arabian Oil Company (Saudi Aramco) and The Dow Chemical Company, is currently in advanced stages of construction of the largest chemical complex ever build worldwide in Jubail Industrial City, in Saudi Arabia. Dow polyurethane business regional... →
Vodacom rebounds from tough year, reports solid H1 performance
By: Natasha Odendaal 9th November 2015 Telecommunications group Vodacom on Monday posted a strong start to the 2016 financial year as the South African operations recovered and the international operations continued its solid performance. After overcoming what was previously described as one of its toughest years yet, with... →
AMSA adds R4.5bn rights issue to survival plan, as it warns of earnings ‘bloodbath’
By: Terence Creamer 6th November 2015 JSE-listed steel producer ArcelorMittal South Africa (AMSA) announced a whopping R4.5-billion rights issue on Friday as part of a multipronged survival package, which hinges materially on greater protection for the embattled domestic steel industry. The offer will be fully underwritten by the... →
Engine remanufacturer expands locomotives services
By: Dylan Slater 6th November 2015 Germiston-based large-engine remanufacturer Metric Automotive Engineering has invested in new equipment to extend its services to larger engines for the locomotives industry, says operations director Andrew Yorke. →
Steel fabricator taking survival steps as pressures mount
By: Zandile Mavuso 6th November 2015 Since China reduced its steel consumption owing to overcapacity in February last year, over the past 18 months, multidisciplinary construction and engineering group Aveng’s Steel division has initiated several work streams to acclimatise and reposition the group ahead of the restructuring... →
Steam locomotive operator undertakes refurbishment contract
By: Dylan Slater 6th November 2015 Germiston-based nonprofit association and steam locomotive operator Reefsteamers Association is undertaking a dual refurbishment project on two mainline steam locomotives to return them to full operation. →
Wealth tax on Davis commission’s radar, but immediate focus on estate duties
By: Terence Creamer 5th November 2015 Davis Tax Commission (DTC) head Judge Dennis Davis has confirmed that the commission would be investigating a possible wealth tax for South Africa, but indicated that the process to design such a tax would take time and that its immediate focus was on other instruments, such as estate duties. The... →
Tax commission head urges govt to hold back on carbon tax
By: Terence Creamer 5th November 2015 Judge Dennis Davis, who is leading South Africa’s Davis Tax Commission (DTC), has urged government not to introduce the carbon tax in the current “fragile” economic environment. The National Treasury released the Draft Carbon Tax Bill for public comment on November 2, outlining an initial... →
It’s 30 not out for Steloy Castings
By: Anine Kilian 30th October 2015 The maintenance and development of South Africa’s manufacturing sector was critically important at this stage of the country’s economic history, Bronkhorstspruit-based specialist foundry Steloy Castings CEO Danie Slabbert in Johannesburg, Gauteng, earlier this month. He was speaking at Steloy... →
Transnet says some capex to be deferred, but insists R380bn plan remains intact
By: Terence Creamer 29th October 2015 State-owned freight logistics group Transnet insisted on Thursday that its R340-billion to R380-billion Market Demand Strategy (MDS) remained intact, but confirmed that some components of the investment plan could be deferred in light of the weaker commodity outlook and South Africa’s lower... →
TPT keeps eye on financial stability
By: Natasha Odendaal 28th October 2015 As State-owned Transnet prepares to deliver its financial results for the first half of this year on Thursday, Transnet Port Terminals (TPT) CEO Karl Socikwa on Wednesday vowed to do everything possible to keep the division’s balance sheet healthy as the South African economy faces low economic... →
ACSA, Munich Airport ink sister airport agreement
By: Natasha Odendaal 26th October 2015 A new agreement between airports management company Airports Company South Africa (ACSA) and Germany-based aviation services technology company Munich Airport Group would see the duo leverage each others’ respective skills, knowledge and regional experience to bolster the performance of their... →
Company opens flagship food-distribution warehouse in Boksburg
By: Dylan Slater 23rd October 2015 France-based logistics company ID Logistics’s (IDL’s) local fresh-food division IDL Fresh launched its new 15 300 m2 distribution centre in Lancaster Park, Boksburg, earlier this month. →
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