http://www.engineeringnews.co.za
R/€ = 14.90 Change: -0.06
R/$ = 12.17 Change: -0.04
Au 1331.72 $/oz Change: -4.73
Pt 1012.50 $/oz Change: -0.51
 

Macro and Micro News

Coca-Cola increases recycling efforts to contribute to waste-free world

By: Megan van Wyngaardt     19th January 2018 To battle the increasing number of plastic items on landfills and in the world’s oceans, beverage giant Coco-Cola plans to take one can or bottle “back”, for every bottle or can sold globally, by 2030. “We are fundamentally reshaping our approach to packaging, with a global goal to help collect... 

Concerns raised over lack of policy framework for competition law changes 

By: Terence Creamer     19th January 2018 Concern has been expressed about the absence of a comprehensive competition policy framework to help guide proposed amendments to competition legislation and facilitate greater alignment with other government policies and programmes, such as the Industrial Policy Action Plan. In December,... 

Concerns raised over lack of policy framework for competition law changes
Wits Faculty of Commerce, Law and Management Dean Imraan Valodia, CCRED director Simon Roberts, Genesis Analytics’ James Hodge, DTI’s Garth Strachan, Advocate Michelle le Roux and the Competition Commission’s Liberty Mncube on proposed changes to the South Africa’s Competition Act and the lack of an overarching policy framework. Camera Work: Nicholas Boyd. Editing: Christo Greyling. Recorded: 19.1.2018

PPC reschedules DRC cement plant debt

By: Megan van Wyngaardt     19th January 2018 Construction materials provider PPC has further improved its liquidity position by finalising a capital repayment moratorium with funders of the group’s Democratic Republic of Congo (DRC) operation, limiting PPC’s capital requirements to only interest payments from January this year to January... 

Sawis warns wine grape crop may be smallest since 2005

By: Megan van Wyngaardt     19th January 2018 Continuing drought and low water supplies in the Western Cape may lead to South Africa’s smallest wine grape harvest since 2005, when 1.15-million tonnes were harvested owing to drought and diseases in some production areas. Industry body South African Wine Industry Information and Systems... 

Sawis warns wine grape crop may be smallest since 2005

South Africa's rand near 2-1/2 year high, stocks ease

By: Reuters     19th January 2018 South Africa's rand scaled a fresh 2-1/2 year high against a broadly fragile dollar on Friday before easing after the central bank held interest rates steady on Thursday. At 0715 GMT, the rand was 0.1 percent weaker at 12.145 to the dollar after earlier hitting 12.0725, its best level since June... 

South Africa's rand near 2-1/2 year high, stocks ease

Governments need to respond nimbly to tech advances, says WEF founder

By: African News Agency      19th January 2018 Governments and world leaders need to be nimble and adaptable when it comes to the governance of technological advances in order to fully harness its potential to solve critical global challenges. This is according to Professor Klaus Schwab, the founder and executive chairperson of the World... 

Reserve Bank Governor Kganyago's election as IMFC chair welcomed

By: African News Agency      19th January 2018 Finance Minister Malusi Gigaba on Thursday announced that South African Reserve Bank (SARB) Governor Lesetja Kganyago was selected as chairperson of the International Monetary and Financial Committee (IMFC). Kganyago, who is also South Africa's Alternate Governor on the International Monetary... 

Winds of change have landed, bringing economic growth – BLSA CEO

By: Megan van Wyngaardt     18th January 2018 Business in South Africa has not been this hopeful about the future of the country in years, Business Leadership CEO Bonang Mohale said at a pre-World Economic Forum (WEF) briefing on Thursday. He highlighted that while the country was below investment grade, the recent African National Congress... 

South Africa holds rates as inflation risks offset rand strength

By: Reuters     18th January 2018 South Africa's central bank kept its benchmark repo rate unchanged at 6.75% on Thursday, saying that risks to inflation were still on the upside despite a recent strengthening of the rand currency. The majority of analysts polled by Reuters last week had predicted the repo rate would stay on... 

South Africa holds rates as inflation risks offset rand strength
Photo by Reuters
Reserve Bank governor Lesetja Kganyago

Africa’s industrialisation needs to be more focused, unrushed – panel

By: Natasha Odendaal     18th January 2018 While there is some momentum in industrialisation efforts across Africa, a panel of industry participants have cautioned against a knee-jerk reaction that could fragment or overwhelm capacities on the continent. Industrialisation on the continent has historically lagged that of the rest of the... 

What Ramaphosa’s election means for business 

     18th January 2018 Creamer Media’s Samantha Herbst talks to Engineering News editor Terence Creamer about the new African National Congress president’s hopes to reignite economic growth. 

What Ramaphosa’s election means for business
What Ramaphosa’s election means for business

Inclusive growth represents a $7tn opportunity – Mastercard

By: Natasha Odendaal     18th January 2018 The ingredients that allow for inclusive growth to take place are already lined up, but it will be up to the private sector, governments and civil society to start the dialogue and determine the degree of intention to take growth to the next level. The pursuit of inclusive growth needed to be... 

Eskom challenges need to be addressed urgently, or South Africa will sink – Gigaba

By: Megan van Wyngaardt     18th January 2018 Finance Minister Malusi Gigaba on Thursday painted a grim picture of the financial challenges facing power utility Eskom, stating that the national fiscus would be unable to bail the State-owned enterprise (SOE) out in the event of a default. Speaking at a pre-World Economic Forum (WEF)... 

Eskom challenges need to be addressed urgently, or South Africa will sink – Gigaba
Photo by Duane Daws
Deputy President Cyril Ramaphosa and Finance Minister Malusi Gigaba

Capture of State-owned enterprises totally unacceptable – Ramaphosa

By: African News Agency      18th January 2018 South Africa's deputy president and new leader of the ruling African National Congress (ANC), Cyril Ramaphosa, said on Thursday it was "totally unacceptable" that State-owned companies had fallen prey to criminal elements, resulting in sovereign credit rating downgrades to sub-investment status.... 

Capture of State-owned enterprises totally unacceptable – Ramaphosa
Deputy President Cyril Ramaphosa

WEF 2018 meeting to feature record number of world leaders

By: African News Agency      18th January 2018 A record number of heads of state, government and international organisations, as well as leaders from business, civil society, academia, the arts and media, are set to attend the World Economic Forum’s (WEF) 48th annual meeting taking place in Davos-Klosters, Switzerland, from January 23 to 26.... 

Massmart says 2017 sales increase 2.7% to R93.7bn

By: African News Agency      18th January 2018 Retail group Massmart said on Thursday total sales for the 53 weeks to 31 December 2017 increased by 2.7% to R93.7-billion compared with the 52 weeks to 25 December 2016. The company noted that its 2017 financial year was a 53-week trading period ended 31 December 2017, which complicated useful... 

Gigaba must refuse De Lille's drought levy proposal – Western Cape ANC

By: News24Wire      17th January 2018 The African National Congress (ANC) in the Western Cape wants Finance Minister Malusi Gigaba to refuse embattled Cape Town Mayor Patricia De Lille's bid to replace R1.6-billion in lost revenue through a drought levy, given the allegations of corruption swirling around the council. "They are using... 

Gigaba must refuse De Lille's drought levy proposal – Western Cape ANC
Photo by Bloomberg
Finance Minister Malusi Gigaba

Gupta-linked company denies getting asset seizure order from NPA

By: News24Wire      17th January 2018 Gupta-linked companies Trillian and McKinsey have until Thursday to submit to the National Prosecuting Authority (NPA) a list of its assets to be frozen or seized. They were officially served with a preservation order to freeze assets worth R1.6-billion. 

Gupta-linked company denies getting asset seizure order from NPA

Trade expectations improve – Sacci

By: Anine Kilian     17th January 2018 Amid an improving business mood, the South African Chamber of Commerce and Industry’s (Sacci’s) latest Trade Conditions Survey for December saw the Trade Expectations Index (TEI) for the next six months retaining a level well into positive territory, at 60 index points. This is one point higher... 

S African households' net wealth up in third quarter of 2017 – report

By: African News Agency      17th January 2018 The real value of South African households’ net wealth increased on a year-on-year basis in the third quarter of 2017 after six consecutive quarters of decline, a report showed on Wednesday. Real net household wealth grew by an estimated 2.5 percent in Q3 2017, compared with the same period in... 

 S African households' net wealth up in third quarter of 2017 – report

South African regulator pursuing criminal complaints against SAP, KPMG, McKinsey

By: Reuters     17th January 2018 South Africa's companies registry office is pursuing criminal complaints against SAP, KPMG and McKinsey on suspicion that business they conducted with friends of President Jacob Zuma broke the companies act, it said on Wednesday. The Companies and Intellectual Property Commission (CIPC)submitted... 

SA’s renewables production costs minimised at high penetration levels, NREL study shows

By: Terence Creamer     17th January 2018 A new independent study published by the National Renewable Energy Laboratory (NREL), in the US, concludes that significant production cost savings could be achieved if South Africa added between 60 GW and 100 GW of additional variable renewable energy (VRE) by 2035. The NREL study is a pure... 

SA’s renewables production costs minimised at high penetration levels, NREL study shows
NREL research engineer Erol Chartan

Sarb appoints new MPC adviser

By: Megan van Wyngaardt     16th January 2018 The South African Reserve Bank (Sarb) has appointed Fundi Tshazibana an adviser to the bank’s governors, effective February 19, making her the seventh member of the bank’s Monetary Policy Committee (MPC). With 17 years of experience in public policy analysis and formulation, Tshazibana has worked... 

Grindrod facing delays with separate listing of shipping unit, but still positive about H1 completion

By: Megan van Wyngaardt     16th January 2018 Owing to the cross jurisdictional nature of a proposed international listing by Grindrod, through which it is aiming to launch a separate listing of its shipping business, the various processes required by regulators in the different relevant jurisdictions are taking longer than initially... 

Grindrod facing delays with separate listing of shipping unit, but still positive about H1 completion

R50bn expected to be seized in 17 State capture cases – AFU

By: News24Wire      16th January 2018 The Asset Forfeiture Unit (AFU) is hoping to seize at least R50-billion in 17 cases it is currently investigating related to State capture, acting head of operations advocate Knorx Molelle said on Tuesday. In an interview with eNCA, Molelle said his team had already prioritised six matters which... 

R50bn expected to be seized in 17 State capture cases – AFU

New app-based bank to launch in South Africa late 2018

By: African News Agency      16th January 2018 A new app-driven bank is set to launch in South Africa after getting a provisional licence from monetary authorities, the institution said on Tuesday. Bank Zero, a 45 percent black-owned mutual bank founded by veteran bankers Michael Jordaan and Yatin Narsai, is set to launch in the fourth... 

New app-based bank to launch in South Africa late 2018

Without rain, S Africa's Cape Town may run out of water by April

By: Reuters     16th January 2018 South Africa's Cape Town, one of the world's iconic tourist destinations, could run out of water by April as the city's worst drought in a century risks forcing residents to join queues for emergency rations. "Day Zero" – the date taps are due to run dry – has crept forward to April 22 as city... 

Without rain, S Africa's Cape Town may run out of water by April

New ‘power-to-X’ prospects may arise as renewables costs continue to fall

By: Terence Creamer     15th January 2018 The outlook for solar and wind electricity costs to 2020 “presages historically low costs for new renewable electricity”, which could create new economic and industrial opportunities, a new International Renewable Energy Agency (Irena) report argues. Released in Abu Dhabi, the United Arab... 

New ‘power-to-X’ prospects may arise as renewables costs continue to fall

More fuel price relief for SA motorists – AA

By: News24Wire      15th January 2018 Fuel prices are set for month-end decreases, this is according to the Automobile Association (AA) commenting on mid-month fuel price data released by the Central Energy Fund. The AA said: "The Rand/US dollar exchange rate has had one of its flattest periods of trading in recent times. It has... 

More fuel price relief for SA motorists – AA

South Africa white maize futures scale 11-month peak on hot, dry conditions

By: Reuters     15th January 2018 South African white maize futures prices hit 11-month highs on Monday as a spell of hot, dry weather raised concerns about plantings and yields over a swathe of the maize belt. Maize is South Africa's staple crop and policy makers such as the central bank, which will meet later this week on... 

South Africa white maize futures scale 11-month peak on hot, dry conditions

SA Reserve Bank likely to keep repurchase rate unchanged this week – economists

By: African News Agency      15th January 2018 The South African Reserve Bank is likely to keep its repurchase rate at 6.75 percent this week, although it will probably lower its consumer inflation projections, financial group Investec said at the weekend. The Sarb is set to announce its decision on the repo rate on Thursday after a two-day... 

Acwa Power buys into blockchain currency

By: Megan van Wyngaardt     15th January 2018 Power generation technology developer Acwa Power has adopted SolarCoin – the global reward programme for solar electricity generation – marking the first time a utility-scale generator joins the SolarCoin ecosystem. SolarCoin will provide digital tokens to Acwa Power for every MWh of solar energy... 

Acwa Power buys into blockchain currency

Auditors body nears completion of investigation into KPMG scandal

By: African News Agency      12th January 2018 The Independent Regulatory Board for Auditors (IRBA) said on Friday that one of the lines of investigation into embattled audit firm KPMG was nearing completion and would be tabled at the upcoming investigating committee, while others are progressing satisfactorily. The IRBA is investigating KPMG... 

City of Johannesburg official fired for awarding tenders to own company

By: News24Wire      12th January 2018 The City of Johannesburg has fired a senior official for allegedly awarding tenders to their own private company, a strategic adviser said on Friday. "The official engaged in private business without prior consent from the City, breached our code of ethics, influenced procurement decisions for... 

City of Johannesburg official fired for awarding tenders to own company

South African regulator reviewing volatile share trading

By: Reuters     12th January 2018 A South African market regulator said on Friday it was reviewing volatile trading activity sparked by market speculation that a research group would release a negative report on a listed firm. The regulator confirmed in an emailed response to questions that it was reviewing unusual activity in... 

WISP, Sarebi embark on Western Cape waste recycling programme

By: Megan van Wyngaardt     12th January 2018 The Western Cape Industrial Symbiosis Programme (WISP) is recruiting candidates for an enterprise development programme that will result in the establishment of businesses in the province to make use of certain waste streams to create new products. Through the programme, WISP aims to divert waste... 

WISP, Sarebi embark on Western Cape waste recycling programme

Environmental dept aims to boost recycling, waste management through enterprise support

By: Megan van Wyngaardt     12th January 2018 The Department of Environmental Affairs (DEA) has opened a request for proposals to receive comprehensive business plans and project proposals from start-up or emerging waste management and recycling companies requiring development or support from the department’s recycling enterprises support... 

Environmental dept aims to boost recycling, waste management through enterprise support
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