http://www.engineeringnews.co.za
R/€ = 16.16 Change: 0.12
R/$ = 14.25 Change: 0.14
Au 1214.52 $/oz Change: 13.37
Pt 838.50 $/oz Change: 4.20
 

Topic

AfDB seeks partnerships to lift 1bn people out of hunger

By: Simone Liedtke     26th September 2018 The African Development Bank (AfDB) has called on global partners to join hands to lift one-billion people globally out of hunger. The finance institution said in a statement that it was leading the way by investing $24-billion in African agriculture over the next decade. 

ELB partners with US Kymeta Corporation Global access, anytime, anywhere, while on the move

26th September 2018 ELB Engineering Services (Pty) Ltd (ELB) is pleased to announce the appointment of Kymeta Corporation (Kymeta) based in Redmond, Washington, USA as a technology partner. Kymeta has been recognized for its disruptive technology that is making mobile communications more accessible and secure... 

Lasher, a heritage of helping South Africa to grow

25th September 2018 Whether you’re talking construction or gardening and DIY, mining or agriculture, Lasher makes the tools that help South Africa to grow With more than 100 years of designing, manufacturing and distributing tough, reliable tools built for the South African market by South Africans, Lasher has... 

US backs protecting Yellowstone’s northern gateway from mining

By: Reuters     23rd September 2018 New mining claims should be banned for 20 years on more than 30 000 acres north of Yellowstone National Park to preserve scenery, wildlife habitat, waterways and outdoor recreation that fuels tourism in nearby Montana towns, the US Forest Service said Friday. The recommendation to withdraw 30... 

Angola, IFC court South African investors

By: Nadine James     21st September 2018 World Bank Group executive director for Angola, Nigeria and South Africa Bongiwe Kunene says a roundtable event taking place on September 24, will enable South African businesses and investors to explore the growth opportunities in Angola created as a result of the 2017 election of that country’s... 

Ramaphosa aims to crowd in private resources for infrastructure fund

By: Terence Creamer     21st September 2018 President Cyril Ramaphosa has placed the creation of a public-private infrastructure fund at the heart of an economic stimulus and recovery plan, otherwise constrained by South Africa’s serious fiscal constraints. In unveiling the plan during a briefing at the Union Buildings in Pretoria on... 

On-The-Air (21/09/2018) 

By: Martin Creamer     21st September 2018 Japan is forecasting a massive market for fuel cells that use South African platinum; South African company Isondo this week reported that it is at the ready to produce fuel cell components locally; and Global commentators this week called on resource-rich African countries to use their wonderful... 

Ramaphosa moves to revitalise mining, create certainty

By: Martin Creamer     21st September 2018 It is imperative that South Africa restores investment and exploration levels in the mining sector as mining and mineral beneficiation activities have significant potential to drive long term growth, exports and job growth, President Cyril Ramaphosa said in his economic stimulus and recovery plan... 

Technically, stuck in a recession

By: Riaan de Lange     21st September 2018 “Is you is or is you ain't?”, to partially borrow from the title of American blues musician BB King’s song. Is South Africa in a recession or ain’t it? It is a simple enough question that should solicit a 'yes' or 'no' answer, ain’t? Surely, if one knows what a recession is, then one should know... 

Is 5G Hype or Reality for South Africa?

By: Creamer Media Reporter      20th September 2018 With global 5G rollout gathering speed and the recent launch of 5G in Lesotho by Vodacom, the question of whether South Africa is ready for the transition to 4G’s successor is dependent on various factors that could cause a delay in the integration of 5G in South Africa. Mobile communications... 

Shedding Light on Durban’s Emerging Aerotropolis

By: Creamer Media Reporter      20th September 2018 There is currently much being said about Durban’s emerging aerotropolis. Mooted to spearhead significant economic and social transformation in KwaZulu-Natal, it is worth unpacking exactly what an aerotropolis is and what the benefits to the province will be. An aerotropolis is a strategic,... 

Interest rates likely to stay unchanged as economy struggles

By: African News Agency      20th September 2018 South Africa's central bank is likely to keep interest rates unchanged on Thursday despite inflationary pressures stemming largely from a weaker rand, hamstrung mostly by concerns over the ailing economy. The economy slipped into a recession after gross domestic product contracted by 0.7 percent... 

Metallon may pay suppliers in gold amid Zimbabwe cash shortage

By: Bloomberg     18th September 2018 Metallon Corp. is considering paying mining-equipment suppliers in gold because a cash shortage in Zimbabwe is hampering its plan to expand output, Chief Executive Officer Mzi Khumalo said. Zimbabwe, which abandoned its own currency in 2009 because of hyperinflation, has faced cash shortages for... 

Western Cape farmers call for easing of water restrictions to repair drought damage

By: News24Wire      18th September 2018 Western Cape farmers are calling on government to reveal how much water they are likely to be allocated this summer, so they can make plans to fix the damage caused by the 60% cut in their water supply. Some farmers say they have already experienced their Day Zero – now they want to know if they... 

Poultry industry takes on US chicken quota as court case brews

By: News24Wire      17th September 2018 The South African Poultry Association (SAPA) wants government to review the quota of US poultry imports, following the imposition of tariffs on local aluminium and steel products. In court papers filed in the North Gauteng Court, the organisation argues that US tariffs on SA steel and aluminium... 

Multistakeholder initiative to see the development of an agri-industrial hub in Gauteng

By: Natasha Odendaal     14th September 2018 A multistakeholder initiative will see the development of prototype large-scale agriculture and bio-energy agri-industrial hub on 30 000 ha of land across the Merafong City local municipality and Rand West local municipality, in the greater West Rand district. This follows the signing of a... 

Pioneer expo to promote, enhance local manufacturing

By: Tasneem Bulbulia     14th September 2018 South African capital equipment representative the South African Capital Equipment Export Council (SACEEC) will host the pioneer Local Southern African Manufacturing Expo next year to promote localisation and showcase the country’s manufacturing industry, SACEEC CEO Eric Bruggeman tells... 

Parliament to debate recession, fuel price hikes

By: News24Wire      12th September 2018 Parliament will debate record fuel prices and ideas for economic revival on Wednesday afternoon.  Last week Stats SA announced that SA had slipped into a technical recession - defined as two successive quarters of negative economic growth - for the first time since 2009.  

Tongaat's Ntshongweni urban development gets go-ahead

By: African News Agency      12th September 2018 Agricultural group Tongaat Hulett says it has all approvals in place for its Ntshongweni urban development after 20 years of planning. Tongaat said on Tuesday breaking ground on the mixed use development was due to commence in the first quarter of 2019. 

July manufacturing output up 2.9%

By: Reuters     11th September 2018 South Africa's industrial output expanded in July as food and motor vehicle output rose, easing pressure on an economy that recently slipped into recession and is struggling for investment amidst policy uncertainty and possible credit downgrades. The statistics agency in Africa's most... 

Davies to attend G20 meeting

By: African News Agency      11th September 2018 South Africa's trade and industry minister Rob Davies will attend a meeting with peers from the G20 global grouping in Argentina set to focus on the agriculture sector, his department said on Tuesday. The G20 or Group of Twenty is an international forum for the governments of Argentina,... 

Conservative hiring intentions by employers anticipated in the last quarter - survey

By: Marleny Arnoldi     11th September 2018 South African employers expect conservative hiring intentions, across all industries nationally, for the fourth quarter, the ManPowerGroup Employment Outlook Survey (MEOS) has found. Fourteen per cent of employers expect to increase staffing levels, 8% forecast a decrease and 78% anticipate no... 

Tongaat Hulett appoints interim CEO

By: Simone Liedtke     7th September 2018 Sydney Mtsambiwa has been appointed as the interim CEO of JSE-listed agriculture and agroprocessing group Tongaat Hulett, with effect from November 1, following the retirement of long-serving CEO Peter Staude. Mtsambiwa will serve as the interim CEO until the board has finalised the appointment... 

Expropriation without compensation could 'trigger classical banking crisis' – Nedbank

By: African News Agency      7th September 2018 Expropriating property without compensation could "trigger a classical banking crisis", Nedbank chief executive Mike Brown told MPs on Friday. Brown was participating in the last round of public hearings by a parliamentary committee probing whether section 25 of the Constitution needs to be... 

SA is not actually in a recession – economist

By: News24Wire      7th September 2018 South Africa is not in a recession, despite the latest gross domestic product (GDP) figures released by Statistics South Africa, economist Roelof Botha said on Thursday. South Africa slipped into what is generally considered a technical recession - defined as two successive quarters of negative... 

5G on its way, but roll-out to be pursued on a case-by-case basis

By: Natasha Odendaal     7th September 2018 The rush to test and implement fifth-generation (5G) services has already started, however, this time around, the latest technological advancement will not be built up or deployed in the same manner as preceding technologies, but rather be implemented on a use case basis. Despite the fact that... 

5G on its way, but roll-out to be pursued on a case-by-case basis

By: Natasha Odendaal     7th September 2018 The rush to test and implement fifth-generation (5G) services has already started, however, this time around, the latest technological advancement will not be built up or deployed in the same manner as preceding technologies, but rather be implemented on a use case basis. Despite the fact that... 

Vesconite

7th September 2018 Self-lubricated polymer bearings and bushes manufacturer VescoPlastics welcomes visitors to its stand (Hall 6 Stand C23) at Electra Mining Africa, which will be held at Nasrec, Johannesburg, from September 10 to 14. VescoPlastics caters for most bearing and wear-plate-bearing requirements of the... 

South Africa’s rating under threat as economy enters recession

By: Marleny Arnoldi     5th September 2018 South Africa’s slide into a technical recession in the second quarter is a timely warning and reminder for the country to get its economy in order, failing which it will lose its only investment grade rating, says Business Unity South Africa CEO Tanya Cohen. Moody’s Investors Service said in... 

Tiny beetle is killing SA's trees – and nothing can stop it

By: News24Wire      5th September 2018 A beetle smaller than a sesame seed is killing huge trees throughout South Africa, and little can be done to stop it. The polyphagous shot hole borer, a native of southeast Asia no bigger than 2mm, has found its way to South Africa and is infesting trees at an alarming rate. According to... 

South Africa in technical recession as second quarter GDP falls 

By: News24Wire      4th September 2018 South Africa has officially entered a technical recession, after Stats SA announced on Tuesday that the country's real gross domestic product (GDP) had decreased by 0.7% in the second quarter of the year. This follows a GDP contraction of 2.2% in the first quarter. A technical recession is two... 

Bidvest lifts FY18 HEPS despite volatile market

By: Simone Liedtke     3rd September 2018 JSE-listed services, trading and distribution company Bidvest on Monday declared a final dividend of 301c a share, bringing the total dividend for the financial year ended June 30 to 556c, amid a volatile market, which the company said was characterised by weak economic growth and consumer spend,... 

Grindrod reports strong recovery in interim earnings

By: Marleny Arnoldi     31st August 2018 Freight and financial services group Grindrod has achieved a strong year-on-year recovery in the six months to June 30, with its earnings a share having increased to 317c, compared with a loss a share of 11.5c in the first half of 2017. Headline earnings a share were 3.8c, compared with a... 

Narrowing divide

By: Martin Zhuwakinyu     31st August 2018 The mobile phone has undergone an almost dramatic transition in the past two decades from a status symbol affordable only by the well-to-do to a ubiquitous device that even those of very modest means now regard as a must-have. The market penetration of this handy invention has been facilitated by... 

Dawn to cut staff, costs amid economic pressures

By: Creamer Media Reporter      28th August 2018 JSE-listed Distribution and Warehousing Network (Dawn) will implement a large-scale cost reduction plan to position the company for recovery. It said on Tuesday that the plan will entail a significant cost reduction in terms of the company's head office, through a staff reduction and reduced... 

De Beers, UN Women to support women micro-entrepreneurs in South Africa

By: Simone Liedtke     28th August 2018 Diamond miner De Beers and the United Nations Entity for Gender Equality and the Empowerment of Women (UN Women) in South Africa have launched a capacity-building programme, which aims to support 500 women micro-entrepreneurs in the Blouberg and Musina communities, near De Beers’ Venetia diamond... 

Agricultural organisations commit to developing national strategy

By: Simone Liedtke     27th August 2018 The presidents of the African Farmers Association of South Africa (Afasa), the National African Farmers Union of South Africa (Nafu SA), Agri SA and the Transvaal Agricultural Union of South Africa (Tau-SA), as members of the Agri Sector Unity Forum (Asuf), on Monday declared their intent to work... 

Nigerian economy loses momentum in Q2 as oil sector contracts

By: Reuters     27th August 2018 Nigeria's economic growth dipped to 1.50% year on year between April and June, the statistics office said on Monday, extending a slowdown into a second quarter as the oil sector contracted. Largely dependent on its rich crude reserves, Nigeria's economy began climbing out of its first recession... 

Latest News

more

Latest Videos

more

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