http://www.engineeringnews.co.za
R/€ = 16.01 Change: 0.08
R/$ = 14.03 Change: 0.18
Au 1221.39 $/oz Change: 5.90
Pt 847.00 $/oz Change: 5.21
 

Legislative Environment News

Treasury announces progress on national health insurance bill  

By: African News Agency      16th November 2018 The South African National Treasury on Friday announced it made “substantial” progress on the national health insurance (NHI) Bill consultation in key areas and have reached agreement on most of the major issues. “We have made substantial progress on key areas and have reached agreement on most... 

Treasury report finds Koko meddled to help Tegeta

By: African News Agency      16th November 2018 Former Eskom CEO Matshela Koko obstructed coal testing that would have compromised the contract Tegeta Exploration cinched with the power utility, according to a forensic report released by National Treasury on Friday. The report by Fundudzi Forensic Investigation Services details how Eskom... 

 Treasury report finds Koko meddled to help Tegeta
Photo by Creamer Media
Former Eskom CEO Matshela Koko

Need for regulatory, payment efficiencies highlighted during SME Indaba

By: Schalk Burger     14th November 2018 The efficiency of securing regulatory compliance and the speed at which small and medium-sized enterprises (SMEs) are paid by private companies and public organisations were on Wednesday cited as some of the biggest concerns for small businesses. Speaking at the Small Business Institute (SBI) SME... 

Land issue is a festering sore – Ramaphosa 

By: News24Wire      14th November 2018 Whenever President Cyril Ramaphosa travels abroad and hosts a media conference, he now inevitably faces questions around land reform without expropriation. His stock answer? That without comprehensive land reform, South Africa's hard-won stability may come undone. While Wednesday was no... 

 Land issue is a festering sore – Ramaphosa
President Cyril Ramaphosa & European Parliament President Antonio Tajani

South Africa's land expropriation unnerves investors – World Bank executive

By: Reuters     14th November 2018 Plans by South Africa's ruling African National Congress (ANC) to change the constitution to allow the expropriation of land without compensation have unnerved investors, a senior World Bank group executive said on Wednesday. President Cyril Ramaphosa's party has made the acceleration of land... 

South Africa's land expropriation unnerves investors – World Bank executive

Don’t change the Constitution for land reform – CDE

By: Sashnee Moodley     13th November 2018 Changing the Constitution to accelerate land reform is unnecessary and threatens property rights for no good reason, says the Centre for Development and Enterprise (CDE) in its latest report ‘Agriculture, Land Reform and Jobs: Can South Africa make this work?’. The CDE said that while it opposed... 

Don’t change the Constitution for land reform – CDE

Court papers show Transnet executives 'colluded fraudulently'

By: News24Wire      13th November 2018 Court papers filed by Transnet to recover R189-million in inflated payments from Gupta-linked Regiments Capital have revealed collusion by senior executives of the State-owned firm, in allowing the transaction. Former Transnet CEO Siyabonga Gama, ex-chief financial officer Anoj Singh, Robert... 

 Court papers show Transnet executives 'colluded fraudulently'

Lack of valve traceability hampers local industry

By: Jessica Oosthuizen     9th November 2018 The local valves industry has become extremely competitive, especially since there has been an influx of products that have no traceability, says industrial automation, valve and control supplier Fluid Control Services owner Allen Maguire. Many products are entering the local market from the... 

Lack of valve traceability hampers local industry
VALVE STANDARD The local valves industry needs to conform to a certain standard in terms of traceability

Public Protector investigating Gordhan 

By: Reuters     8th November 2018 South Africa's anti-corruption watchdog said on Thursday that it was investigating Public Enterprises Minister Pravin Gordhan, a close ally of President Cyril Ramaphosa, for allegedly abusing his powers during his time as finance minister. The watchdog said it was looking into allegations that... 

Public Protector investigating Gordhan
Photo by Creamer Media
Public Enterprises Minister Pravin Gordhan

Gender parity still lacking on JSE-listed companies’ boards

By: Tasneem Bulbulia     7th November 2018 In an inaugural report on the state of gender diversity on JSE-listed companies’ boards of directors, only 10 of the 267 companies analysed achieved gender parity in 2017. There are, however, signs that more companies are starting to become more cognisant of gender diversity at board level and... 

Nugent Commission will reveal if Sars misrepresented revenue collection – Treasury 

By: News24Wire      2nd November 2018 Treasury cannot say if the South African Revenue Service (Sars) had intentionally withheld VAT refunds in an effort to misrepresent revenue collections, members of Parliament heard. Treasury officials on Friday responded to public comments made on the mini budget to the Standing Committees on... 

Nugent Commission will reveal if Sars misrepresented revenue collection – Treasury

DA to tackle Eskom's 'monopoly' via new bill

By: News24Wire      29th October 2018 Introducing competition in the energy sector will keep electricity prices down, according to the Democratic Alliance (DA). DA leader Mmusi Maimane on Monday announced plans at a briefing to address "Eskom's monopoly" in the energy sector, through the introduction of a private member's bill known... 

 DA to tackle Eskom's 'monopoly' via new bill

Rail industry plagued by theft, vandalism

By: Simone Liedtke     26th October 2018 Train collisions accounted for the highest number of safety incidents in the rail sector during 2017/18, the Railway Safety Regulator’s (RSR’s) annual ‘State of Safety’ report, shows. Other prominent incidents included fires, platform train interchange incidents, people being struck by trains and... 

South Africa committed to protecting property rights – Ramaphosa

By: Reuters     26th October 2018 President Cyril Ramaphosa used an investment summit on Friday to reassure investors that his government was committed to protecting property rights as it pursues plans to accelerate the pace of land redistribution. "We are committed as government to pursuing a comprehensive approach to land and... 

South Africa committed to protecting property rights – Ramaphosa
President Cyril Ramaphosa

I will try to protect Treasury from political meddling – Mboweni 

By: African News Agency      24th October 2018 Finance Minister Tito Mboweni on Wednesday said he would strive to protect the National Treasury from political interference but conceded that he would be naive to think he could succeed. "I thought one thing I am going to try to do is provide political protection to National Treasury or to the... 

I will try to protect Treasury from political meddling – Mboweni
Finance Minister Tito Mboweni

South Africa welcomes product exclusion for some steel, aluminium products from Section 232 duties

By: Simone Liedtke     24th October 2018 Following an announcement that the US Department of Commerce has granted product exemptions for certain aluminium and steel products, Trade and Industry Minister Dr Rob Davies on Wednesday welcomed the positive developments as a step towards normalising trade relations between South Africa and... 

Solidarity Movement to serve court papers on Sasol on Thursday

By: Simone Liedtke     23rd October 2018 On Thursday, thousands of Solidarity Movement members will serve court papers on integrated energy and chemicals company Sasol at its head office in Sandton. The serving of the court documents comes in the wake of a dispute between Sasol and Solidarity over the exclusion of white employees from... 

Revived SARS illicit economy unit already eyeing 58 cases, says Kingon

By: News24Wire      19th October 2018 The soon-to-be reopened South African Revenue Service (SARS) unit probing the illicit economy has already identified 58 cases for investigation, the tax agency's Acting Commissioner Mark Kingon told the Nugent Commission of Inquiry on Friday.  The unit was one of several shut down under the... 

 Revived SARS illicit economy unit already eyeing 58 cases, says Kingon

Plain packaging suggested as safety measure

By: Thabi Madiba     19th October 2018 To reduce tobacco-related deaths that are estimated to amount to seven-million people a year globally, the Department of Health published a proposed Control of Tobacco Products and Electronic Delivery Systems Bill in May for broader public comment, which will regulate all tobacco products to be... 

Plain packaging suggested as  safety measure
Photo by Bloomberg
HARMFUL Plain packaging will limit the use of tobacco

Packaging market volumes declines

By: Thabi Madiba     19th October 2018 The potential imposition of an Extended Producer Responsibility (EPR) tax by the Department of Environmental Affairs will have a negative impact on the packaging industry, which may result in the collapse of numerous packaging manufacturers in South Africa, says Packaging South Africa executive... 

Draft IRP comment deadline nears 

18th October 2018 Creamer Media's Chanel de Bruyn speaks to Engineering News Editor Terence Creamer about the upcoming deadline for public comment on the draft Integrated Resource Plan (IRP), the main areas of contention and what Cabinet is likely to decide when deliberating on the final IRP. 

Draft IRP comment deadline nears
Draft IRP comment deadline nears

Latest WEF global competitiveness report raises red flags for South Africa

By: Simone Liedtke     17th October 2018 The World Economic Forum’s (WEF’s) latest findings in its Global Competitiveness Report for 2018/19 again raised several flags about factors in South Africa’s economic performance, which are having a serious negative impact on its international competitiveness, says North West University... 

Mboweni slams KPMG over role in VBS scandal

By: African News Agency      16th October 2018 Finance Minister Tito Mboweni on Tuesday condemned auditing firm KPMG for signing off on the financial statements of failed VBS Mutual Bank even though, according to a South African Reserve Bank report, it was clear that it had a shortfall of about R1-billion. "When you have a big auditing firm... 

Mboweni slams KPMG over role in VBS scandal
Finance minister Tito Mboweni

South Africa committed to African air transport liberalisation – Minister

By: Rebecca Campbell     12th October 2018 South African Transport Minister Dr Blade Nzimande reaffirmed on Friday the country’s commitment to the implementation of the Yamoussoukro Decision (YD) on liberalising air transport across Africa. He did so in a speech to the 48th annual general meeting of the Airlines Association of Southern... 

South Africa committed to African air transport liberalisation – Minister
Photo by Duane Daws/Creamer Media
Dr Blade Nzimande

KPMG will cooperate with damning SARB report 

By: News24Wire      11th October 2018 KPMG has vowed to work on rebuilding trust in its reputation following the release of the South African Reserve Bank's (SARB's) report into VBS Mutual Bank, the global auditing firm said in a statement on Thursday.  The statement was released on Thursday, acknowledging the outcome of the report. 

 KPMG will cooperate with damning SARB report

Report error actually ranks S Africa 110 out of 162 in economic freedom   

By: Sane Dhlamini     11th October 2018 South Africa now ranks 110 out of 162 as an economically free country, according to the Economic Freedom of the World (EFW) index. The Free Market Foundation (FMF) revealed on Wednesday that South Africa had ranked 94 but an error in World Bank data, spotted and investigated by the FMF’s Eustace... 

Report error actually ranks S Africa 110 out of 162 in economic freedom

Hawks, NPA teams already at work on VBS fraud investigation  

By: News24Wire      11th October 2018 The final investigation report into the R1.8-billion fraud at VBS Mutual Bank released on Wednesday cannot be used as evidence to prosecute any individuals, but is serving as a "useful guide" to prosecutors and police investigators. This is according to National Prosecuting Authority spokesperson... 

Hawks, NPA teams already at work on VBS fraud investigation

AMSA seeks growth opportunities in sub-Saharan Africa amid muted domestic steel demand

By: Nadine James     10th October 2018 In light of weak domestic demand, ArcelorMittal South Africa (AMSA) has implemented a strategy to enhance its short-term profitability and cashflow, thereby, ensuring the business’ sustainability and positioning it to exploit growth in the sub-Saharan Africa region, says CEO Kobus Verster. During... 

 AMSA seeks growth opportunities in sub-Saharan Africa amid muted domestic steel demand
Photo by ARCELORMITTAL
ArcelorMittal Vanderbijlparjk Works

Jessie Duarte ‘keen’ to testify at State capture commission  

By: Sashnee Moodley     10th October 2018 The ruling African National Congress’s (ANC’s) deputy general-secretary, Jessie Duarte, said on Wednesday that she was “very keen” to testify at the Commission of Inquiry into State Capture. Speaking at a media briefing around the ANC’s position on former Finance Minister Nhlanhla Nene’s... 

Jessie Duarte ‘keen’ to testify at State capture commission
ANC deputy general-secretary Jessie Duarte

Parly's transport committee grills Prasa on lack of progress

By: News24Wire      10th October 2018 Parliament's Portfolio Committee on Transport grilled the Passenger Rail Agency of South Africa's (Prasa) presentation at a meeting in Cape Town on Tuesday, for lacking urgency and progress. The meeting comes after the Rail Safety Regulator (RSR) communicated its intention to suspend Prasa's... 

Parly's transport committee grills Prasa on lack of progress

Tax Ombud secures nearly R450m in refunds in biggest tax disputes for 2017/18

By: Simone Liedtke     9th October 2018 Nearly R450-million in tax refunds has been paid out to the ten taxpayers with the largest disputes with revenue authorities in the 2017/18 financial year, as a result of the intervention of the Office of the Tax Ombud (OTO). The OTO reported these figures during the launch, on Tuesday, of its... 

Nzimande urges Prasa, rail regulator to resolve trains safety impasse out of court

By: African News Agency      8th October 2018 Transport minister Blade Nzimande on Monday appealed to both the Railway Safety Regulator (RSR) and Passenger Rail Agency of South Africa (Prasa) to find an out of court settlement in the interests of millions of commuters who daily use the Metrorail, in a stand off over safety. The regulator... 

Nzimande urges Prasa, rail regulator to resolve trains safety impasse out of court
Transport Minister Blade Nzimande

Nene pleads for S Africans’ forgiveness for Gupta meetings  

By: Sane Dhlamini     5th October 2018 Finance Minister Nhlanhla Nene on Friday pleaded to South Africans to forgive him for his visits to the Gupta compound in Saxonwold, Johannesburg and their family business in Midrand during his terms as Deputy Minister, in 2010, and Finance Minister, in 2014.  His visits to the Gupta home were... 

Nene pleads for S Africans’ forgiveness for Gupta meetings
Photo by Bloomberg
Finance Minister Nhlanhla Nene

Nene's involvement with son's business dealings questioned

By: News24Wire      5th October 2018 Finance Minister Nhlanhla Nene has been pulled into the orbit of a questionable investment by the Public Investment Corporation (PIC) in Mozambique, after it emerged that a business partner of his son scored millions of rand in the deal.  The Mail & Guardian and amaBhungane reported on Friday... 

Nene's involvement with son's business dealings questioned
Photo by Reuters
Finance Minister Nhlanhla Nene

Investment dream team has hit the ground running – Ramaphosa 

By: News24Wire      3rd October 2018 President Cyril Ramaphosa says his special envoys on investment have held 150 meetings with investors in total - visiting Johannesburg, Cape Town and nine countries over five months. This as Ramaphosa updated Members of Parliament in a written reply to questions on one of his earliest economic... 

Investment dream team has hit the ground running – Ramaphosa
President Cyril Ramaphosa

Nene denies EFF allegations that he facilitated Gupta access for funding  

By: African News Agency      3rd October 2018 Finance Minister Nhlanhla Nene has testified that contrary to assertions by the Economic Freedom Fighters (EFF), he did reply to their letter sent in May this year, in which he denied allegations that he was the gateway for the Guptas to access Public Investment Corporation (PIC) funding.... 

Nene denies EFF allegations that he facilitated Gupta access for funding
Photo by Reuters
Finance Minister Nhlanhla Nene

I will testify to Zondo if I'm called – Ramaphosa

By: News24Wire      3rd October 2018 President Cyril Ramaphosa has said that he is prepared to appear before Deputy Chief Justice Raymond Zondo's judicial inquiry in to State Capture should he be asked to do so. Ramaphosa was replying to a question in Parliament. 

 I will testify to Zondo if I'm called – Ramaphosa
President Cyril Ramaphosa
First
Prev
1
2 3 4 5 6 7 8 9 Next Last

Latest News

more

Latest Videos

more

Projects

more

Topics In These Articles

RSS Feed

About

Engineering News is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Mining Weekly
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on Engineering News is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Free daily email newsletter Register Now
Register Close