http://www.engineeringnews.co.za
R/€ = 15.85 Change: 0.04
R/$ = 13.97 Change: 0.05
Au 1331.05 $/oz Change: -4.52
Pt 843.94 $/oz Change: 20.53
 

Legislative Environment News

NPA says it will not rush decision on Sars case 

By: African News Agency      30th August 2016 The National Prosecuting Authority (NPA) said on Tuesday it had no deadline for taking a decision on whether to charge those implicated in the politically explosive probe into the so-called rogue spy unit within the South African Revenue Service (Sars). “We have no timeline, we are not going to... 

Anti-tax-abuse group says response good to call for submissions on planned nuclear sites

By: Keith Campbell     29th August 2016 Civil society group Organisation Undoing Tax Abuse (Outa) reported on Monday morning that more than 17 000 individual submissions had been made through its web portal, regarding national electricity utility Eskom’s proposed locations for new nuclear power plants (NPP). The organisation affirms... 

SA Treasury to hold sugar tax workshop

By: African News Agency      29th August 2016 National Treasury on Monday confirmed that it will hold a stakeholder workshop in November to discuss the proposed tax on sugar sweetened beverages. This comes after the Beverages Association of South Africa (BevSA) last week warned that the proposed tax on sugar-sweetened beverages had the... 

SA Treasury to hold sugar tax workshop

Law firm launches practice focused on infrastructure

By: Dylan Slater     26th August 2016 International law firm Pinsent Masons announced at the end of July plans to launch an infrastructure-focused practice in Johannesburg, South Africa, with the appointment of two founding partners to launch the office.  

Centre developing clean tech SMEs to support low-carbon transition

By: Schalk Burger     26th August 2016 The Climate Innovation Centre South Africa (CICSA) of The Innovation Hub plans to increase the number of clean technology small and medium-sized enterprises (SMEs) to support the transition of government and industry to a less carbon-intense economy, says CICSA innovation specialist Nhlakanipho... 

I am under no legal obligation to present myself to Hawks – Gordhan 

24th August 2016 I confirm that on 22 August 2016, my attorneys received a letter from the Directorate for Priority Crime Investigations (“the HAWKS”) requesting that I present myself at their offices on 25 August 2016, at 14h00 in order that a warning statement may be obtained from me. The letter from the HAWKS... 

I am under no legal obligation to present myself to Hawks – Gordhan
Photo by Duane Daws
Finance Minister Pravin Gordhan

BLSA, Basa warn of negative consequences surrounding Hawks' action against Gordhan

By: Natasha Odendaal     24th August 2016 The confidence of investors in South Africa, which has been steadily recovering on the back of joint action by government, business and labour in recent months, is now in jeopardy, says Business Leadership South Africa (BLSA). This follows media reports that the South African priority crimes... 

BLSA, Basa warn of negative consequences surrounding Hawks' action against Gordhan
Photo by Duane Daws
Finance Minister Pravin Gordhan

Govt, AMSA reach accord on steel price basket

By: Kim Cloete     23rd August 2016 Steel producer ArcelorMittal South Africa (AMSA) and government have agreed to remove import parity pricing with immediate effect in a bid to boost South Africa’s steel industry. The local price for flat steel products will be based on an import-weighted basket. 

Govt, AMSA reach accord on steel price basket

CompComm approves AMSA’s R1.5bn settlement proposal

By: Samantha Herbst     22nd August 2016 The Competition Commission has approved steel producer ArcelorMittal South Africa’s (AMSA’s) proposal to pay R1.5-billion to the commission for its involvement in long steel and scrap metal cartels. This will be the largest competition-related fine ever paid by a single South African entity and... 

CompComm approves AMSA’s R1.5bn settlement proposal
Competition Commissioner Tembinkosi Bonakele

MTN launches new R9.9bn BBBEE transaction as Zakhele winds up

By: Natasha Odendaal     22nd August 2016 As JSE-listed MTN Group unwinds its six-year-old empowerment vehicle, MTN Zakhele, work is under way to establish a new R9.9-billion broad-based black economic-empowerment (BBBEE) transaction to fulfill core targets. The new special purpose vehicle, MTN Zakhele Futhi, owning an equity ownership... 

MTN launches new R9.9bn BBBEE transaction as Zakhele winds up

Local content verification takes centre stage at colloquium

By: Natasha Odendaal     19th August 2016 As a two-day local public procurement colloquium wraps up, significant progress is seen in leveraging South Africa’s large-scale public investment and procurement programme. However, compliance, supplier development, local content verification and import monitoring and export performance remained... 

Google SA partners with enterprise developer to tutor entrepreneurs

By: Schalk Burger     19th August 2016 The South African division of technology giant Google has partnered with enterprise and supplier development agency Shanduka Black Umbrellas (SBU) to train local entrepreneurs using research conducted by Google internationally, says Google Africa human resources head Smadar Weisman. The aim of... 

Carbon offset regulations could have major financial implications for businesses

By: Dylan Slater     19th August 2016 Draft regulations on carbon offsets, which were published for comment by the National Treasury on June 20, under the Carbon Tax Bill, are due to come into effect in early 2017 and could have significant financial implications for businesses in South Africa, according to legal services firm Cliffe... 

Outa investigating possibility of class action against Eskom

By: Samantha Herbst     18th August 2016 The Organisation Undoing Tax Abuse (Outa) will be engaging with various experts to assess the viability of a class action law suit against State-owned Eskom, on behalf of the public, to recoup amounts unlawfully charged by the power utility. This follows the North Gauteng High Court’s decision to... 

Outa investigating possibility of class action against Eskom

BBBEE pushes business costs higher as companies take compliance more seriously – Grant Thornton

By: Creamer Media Reporter      17th August 2016 South Africa’s transformation and empowerment codes are increasing costs for the bulk of businesses; however, companies are taking compliance seriously, new research by Grant Thornton has found. The second-quarter International Business Report for 2016 shows that two-thirds of businesses... 

Corruption Watch invites public comment on Public Protector candidates

By: Megan van Wyngaardt     12th August 2016 Corruption Watch has launched an online voting tool on its website allowing members of the public to vote for their preferred candidate for the position of Public Protector. The results of this voting poll, designed to inform the Parliamentary ad hoc committee about the public’s opinion on the... 

Corruption Watch invites public comment on Public Protector candidates

Labour law conference to be held towards end of August

By: Dylan Slater     12th August 2016 The twenty-ninth edition of the Annual Labour Law Conference (ALLC), which is dedicated to covering issues and trends in the field of labour law in South Africa, is due to be held on August 24 and 25 at East Rand-based casino and events centre Emperors Palace Hotel Casino Convention and... 

Construction sector launches revised sector code

By: David Oliveira     12th August 2016 The Construction Sector Charter Council (CSCC) launched the revised draft construction sector code last month in Midrand, Gauteng, which aims to align the unique aspects of the sector with the black economic- empowerment and transformation targets set out by the Department of Trade and Industry... 

Public Protector interviews start this week

By: Megan van Wyngaardt     8th August 2016 Interviews for the 14 shortlisted candidates vying for the Public Protector position will be held this Thursday in Parliament’s Old Assembly building, in Cape Town. Dr Makhosi Khoza, chairperson of an ad hoc committee established to nominate a person asf Public Protector, said the committee... 

Public Protector interviews start this week
Outgoing Public Protector Thuli Madonsela

Algae-free irrigation systems to save money for farmers

By: Simon Sonnekus     5th August 2016 The Council for Scientific and Industrial Research (CSIR) has estimated the rand value of the impact of algae pollution in the Berg river, near Stellenbosch, in the Western Cape. The calculation enables farmers to compare different ways of managing the problem in the area. A ‘Water SA’ report... 

Government regulations seen supporting further green building uptake

By: David Oliveira     5th August 2016 Sustainable development specialists and property analysts have urged all South African businesses and developers to embrace the reality of green building as government actively pursues legislation to enforce more sustainable construction. Nelson Mandela Metropolitan University (NMMU)... 

Omnia raises bid for Nordex

By: Natasha Odendaal     4th August 2016 Shareholders of Canadian firm Nordex Explosives have one month to accept a now-formal fully funded, all-cash inflated takeover bid by JSE-listed Omnia Group. Omnia this week, through its mining division BME, raised the stakes with an offer of C$0.22 per Nordex share, taking the deal to... 

SABMiller, AB InBev merger to cross final hurdles, conclude by Oct 

By: Natasha Odendaal     2nd August 2016 JSE-listed SABMiller and multilisted Anheuser-Busch InBev (AB InBev) continue to steadily tick off preconditions and jurisdictional approvals in a landmark deal that will see the two companies merge to form a global beer conglomerate by October. In a joint statement on Tuesday, the duo announced... 

SABMiller, AB InBev merger to cross final hurdles, conclude by Oct

Effective supply chain crucial in combating spread of HIV/Aids

By: David Oliveira     29th July 2016 Effective supply chain management remains the most significant challenge facing HIV treatment in developing countries, particularly those in sub-Saharan Africa, and is critical to realising the global goal of an Aids-free generation by 2030, says former Anglo American chief medical officer Dr... 

Goal-based framework seen as key to improving working-at-height safety

By: Dylan Slater     29th July 2016 Working at height operations require ongoing monitoring and support as these activities account for almost 30% of fatal injuries incurred in an industrial working environment, according to the UK’s Health and Safety Executive (HSE).  

Stability and cohesion a way forward for African rail sector

By: Simon Sonnekus     29th July 2016 Companies are under pressure from government and the public to embark on new projects while there are still projects that need to be completed. The countless delays across the rail expansions are concerning, says the RailRoad Association of South Africa (RRA). Negative sentiments by the industry... 

Stability and cohesion a way forward for African rail sector
Photo by Duane Daws
DELAYS Negative sentiments by the industry on implementing the designation policy and delays of some rail projects have led to discussions with Trade and Industry Minister Dr Rob Davies

Construction sector launches revised sector code

By: David Oliveira     28th July 2016 The Construction Sector Charter Council (CSCC) on Thursday launched the revised draft Construction Sector Code (CSC), which is aimed at aligning the unique aspects of the sector with the black economic-empowerment and transformation targets set out by the Department of Trade and Industry (DTI).... 

South Africa a leader in aviation security

By: Keith Campbell     28th July 2016 South Africa is one of the leading countries in the world in implementing the latest commercial aviation security systems. This was pointed out on Tuesday by International Air Transport Association (Iata) head of facilitation Bob Davidson. The systems concerned are Advanced Passenger Information... 

South Africa a leader in aviation security
Photo by Duane Daws/Creamer Media
Departure concourse, OR Tambo International Airport, Johannesburg

Energy Minister cracks down on CEF governance

By: Megan van Wyngaardt     27th July 2016 The Central Energy Fund (CEF) board will review its governance processes, as well as its turnaround strategies for the subsidiaries in the group, after Energy Minister Tina Joemat-Pettersson raised concerns around the recent lapses in governance in the group. At a meeting held earlier this month... 

Training courses improve engineering skills, businesses and future stability

By: Sascha Solomons     22nd July 2016 South African Energy and Water Skills Education Training Authority-accredited training provider Terra Firma Academy believes that South Africa’s commitment to reducing carbon emissions and its intention to provide a sustainable energy and water supply can be supported through appropriate short... 

Training courses improve engineering  skills, businesses and future stability
Photo by Duane Daws
SHORT COURSES Offer engineers quick and intense training sessions on specific topics

Illicit flows could have funded Africa’s development 

By: Natasha Odendaal     21st July 2016 Africa would not have needed any financial assistance if illicit financial flows had remained on the continent, economic research firm Trade and Industrial Policy Strategies, or Tips, executive director Saul Levin said on Thursday. Africa had lost about $854-billion to illicit financial flows... 

Sars publishes new tax Bills 

By: Megan van Wyngaardt     20th July 2016 The National Treasury and South African Revenue Service (Sars) on Wednesday published the revised 2016 Draft Rates and Monetary Amounts and Amendment of Revenue Laws Amendment Bill and 2016 Draft Rates and Monetary Amounts and Amendment of Revenue Laws (Administration) Bill. The revised draft... 

Small enterprises key to unlocking local economy but stifled by policy

By: Megan van Wyngaardt     19th July 2016 Certain policies, such as those governing wage-bargaining practices, are hampering South Africa’s economic growth, as they often exclude smaller businesses and keep the “economic pie” from growing, says International Monetary Fund deputy MD David Lipton. Speaking at a public lecture hosted by the... 

Gordhan requests extension for SAA’s financial statement 

By: Creamer Media Reporter      14th July 2016 Finance Minister Pravin Gordhan has requested Parliament grant an extension until September 15 to table South African Airways’ (SAA’s) annual financial statement (AFS), the National Treasury said on Thursday. The national airliner’s AFS could not be finalised until a decision had been made on its... 

Gordhan requests extension for SAA’s financial statement
Photo by Duane Daws
Finance Minister Pravin Gordhan

Corruption costing Africa R50bn a year, tougher action needed – Gordhan 

By: Ilan Solomons     14th July 2016 Tax crimes, money laundering and illicit financial flows are part of a complex set of phenomena that are undermining good governance and ethical political, governmental and civil society programmes that are intended to encourage inclusive growth, reduce inequality and improve the living standard... 

Corruption costing Africa R50bn a year, tougher action needed – Gordhan
Photo by Duane Daws
Finance Minister Pravin Gordhan

FNB partners with Empowerdex, CIPC to ease administrative burdens for SMMEs

By: Natasha Odendaal     13th July 2016 As small businesses continue to battle to stay sustainable past the two-year mark, First National Bank (FNB) aims to ease at least some of the barriers facing the sector that was described as a “hotbed” of job creation. FNB Business Value Adds head Sanjeev Orie on Wednesday said South Africans... 

FNB partners with Empowerdex, CIPC to ease administrative burdens for SMMEs
FNB Business Value Adds CEO Sanjeev Orie

Vodacom’s YeboYethu empowerment scheme to list on the JSE

By: Natasha Odendaal     12th July 2016 Telecommunications giant Vodacom’s empowerment scheme YeboYethu is set to make its debut on the Johannesburg bourse next month. A maximum of 14.4-million YeboYethu ordinary shares would be listed as asset-backed securities on the black economic empowerment (BEE) segment under the... 

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