http://www.engineeringnews.co.za
R/€ = 13.43 Change: 0.01
R/$ = 12.44 Change: 0.03
Au 1245.01 $/oz Change: -3.26
Pt 963.50 $/oz Change: -1.00
 

Topic

IDC to support R&D of low-energy technology 

     23rd March 2017 The State-owned Industrial Development Corporation is fiercely supporting technologies that will enable South Africa to beneficiate more effectively and has set its sights on the research and development of low-energy technology. Mining Weekly editor Martin Creamer speaks to Creamer Media's... 

Agriculture department prefers 'measured approach' to poultry industry crisis

By: African News Agency      23rd March 2017 The department of agriculture preferred a more measured approach to dealing with the crisis in the South African poultry industry as opposed to the “trade war” with the European Union proposed by the Food and Allied Workers Union (Fawu), MPs were told on Wednesday. “As a department our view that... 

Strong outlook for recovering ferrochrome industry – Merafe

By: Martin Creamer     8th March 2017 Ferrochrome and chrome ore prices recovered from rock bottom in the first quarter of last year to levels twice and four times higher respectively in 2017, a year in which a shortage of electricity supply has ceased to be a constraining factor, ferrochrome company Merafe reports. Despite market... 

SA Taxi signs R100m finance deal with Sefa

By: African News Agency      1st March 2017 SA Taxi on Wednesday, signed a R100-million financing agreement with the Small Enterprise Funding Agency (Sefa) in a bid to support small business entrepreneurs running minibus taxi operations. SA Taxi, one of the country’s few developmental credit providers, said this initiative was expected to... 

Seifsa welcomes R95m steel development fund

By: Megan van Wyngaardt     22nd February 2017 The Steel and Engineering Industries Federation of Southern Africa (Seifsa) on Wednesday welcomed Finance Minister Pravin Gordhan’s R95-million allocation towards the establishment of a Steel Development Fund in the 2017 National Budget. The fund will be controlled by the Industrial Development... 

DTI promises fast-tracked support for downstream steel industry

By: Terence Creamer     17th February 2017 The Department of Trade and Industry (DTI) insists that measures to support the downstream steel industry in South Africa are a priority for government and are being fast-tracked. In a statement outlining the various interventions undertaken since 2015 to support a primary steel sector wracked by... 

Efforts to salvage wind-tower plant shut in wake of Eskom’s refusal to sign new IPP contracts

By: Terence Creamer     17th February 2017 The Industrial Development Corporation (IDC) is hoping to salvage the domestic manufacturing capability established to produce wind-tower sections in the Eastern Cape that was set up in response to government’s demand for higher levels of local content in the renewable-energy sector. However, it... 

Watching brief

By: Terence Creamer     17th February 2017 The closure and possible liquidation of an Eastern Cape wind-tower manufacturing facility only four years after it opened raises serious questions about whether business can truly rely on government policy as a basis for making investment decisions. Operations at the plant have been suspended... 

NEF merges with IDC to advance development of black industrialists 

By: Megan van Wyngaardt     15th February 2017 The National Empowerment Fund (NEF) will become a wholly-owned subsidiary of the Industrial Development Corporation (IDC) in a move designed to better meet the considerable demand for funding by black entrepreneurs. The two entities were identified by government as central in implementing radical... 

DiamondCorp delays share placement to Feb 28

By: Natasha Odendaal     14th February 2017 The future of the Lace diamond mine, in the Free State, hangs in the balance as dual-listed DiamondCorp again delays its share placement to give the State-owned Industrial Development Corporation (IDC) time to meet conditions precedent, as well as provide the Association of Mining and... 

Specialised energy mission from South Africa to Zambia commended for innovative approach to doing business in Africa

     9th February 2017 A South African energy sector trade and business delegation recently had another successful trip to Zambia. The trade mission was jointly led by Trade Invest Africa and the South African Electrotechnical Export Council. “We are impressed by the calibre of companies from the South African Energy... 

IDC hopes to salvage wind-tower plant, but warns liquidation can’t be ruled out 

By: Terence Creamer     8th February 2017 The Industrial Development Corporation (IDC) is hoping to salvage the domestic manufacturing capability established to produce wind-tower sections in the Eastern Cape that was set up in response to government’s demand for higher levels of local content in the renewable-energy sector. However, it... 

Eskom’s refusal to sign new renewables PPAs costing jobs, investments – DCD 

By: Natasha Odendaal     3rd February 2017 Fears that State-owned Eskom’s protracted delay in concluding power purchase agreements (PPAs) with selected independent power producers (IPPs) could result in job losses and the idling of projects, are emerging, as DCD Wind Towers starts cutting jobs. The R536-million DCD Wind Towers venture,... 

Kumba earnings soaring on higher iron-ore prices

By: Martin Creamer     25th January 2017 The earnings of Kumba Iron Ore, the Anglo American iron-ore mining company up for sale, are soaring on higher export prices – but whether or not its rocketing performance will dissuade Anglo from disposing of the asset remains to be seen. The JSE-listed company, headed by new CEO Themba... 

Ground-breaking waste-to-energy plant opens in Cape Town

By: Kim Cloete     24th January 2017 The first large-scale waste-to-energy plant in Africa will be opened in Athlone in Cape Town, on Wednesday, with the aim of converting municipal solid waste into energy. The state-of-the-art R400-million biogas plant is expected to create 80 full-time jobs and few hundred indirect jobs. The plant... 

Ramaphosa concludes ‘productive’ visit to Davos

By: African News Agency      20th January 2017 South Africa Deputy President Cyril Ramaphosa has concluded his visit to the World Economic Forum (WEF) annual meeting in Davos-Klosters, Switzerland, where he delivered the message that South Africa was hard at work and remained open for business. A statement from his office on Friday said... 

Troubled Diamondcorp secures repayment standstill

By: Martin Creamer     19th December 2016 Troubled diamond mining company DiamondCorp is being given a repayment breather by South Africa’s State-owned Industrial Development Corporation (IDC). The JSE-listed company, headed by CEO Paul Loudon, said on Monday that the IDC had agreed a loan repayment standstill until the completion of the... 

Nelson Mandela Children’s Hospital, South Africa

By: Sheila Barradas     9th December 2016 The hospital was launched on December 2. 

Tamagotchi and Van der Bijl

By: Riaan de Lange     9th December 2016 November 23, twenty years to the day, which saw the sale of the first Tamagotchi, created in Japan by Akihiro Yokoi and Aki Maita. If you are old enough to remember, or even care to remember, it quickly became one of the biggest toy fads of the 1990s, particularly in the United States of America... 

Lily Mine probe escalated to inquiry

By: SANews, SA government news service     7th December 2016 The Department of Mineral Resources says the investigation into the tragic Lily Mine disaster, which left three mineworkers trapped underground, will be converted into an inquiry. Xolile Mbonambi, the Acting Chief Inspector of Mines, said this when the department appeared before the Portfolio... 

KIOCL makes headway in securing iron-ore for its pellet plants

By: Ajoy K Das     5th December 2016 Indian iron-ore pellet producer KIOCL, formerly Kudremukh Iron Ore Company Limited, is poised to strike key deals in securing new iron-ore sources across the country. As a primarily iron-ore pellet producer without a captive iron-ore access source, new sources are key to its long-term survival... 

Nelson Mandela Children's Hospital aims to change face of local medical care 

By: Megan van Wyngaardt     2nd December 2016 The Nelson Mandela Children's Hospital (NMCH), in Parktown, Johannesburg, was launched on Friday. Built over two years, the hospital will host a number of centres of excellence for paediatric care. This includes the cardiology and cardiothoracic surgery ward, an oncology and haemotology ward, a... 

Iconic Joburg ice rink being transformed into television production hub

By: David Oliveira     2nd December 2016 The Sky Rink atop the Carlton Centre’s parking lot in downtown Johannesburg always had something of an edge to it. Experienced ice-skaters, often with a cigarette in their mouths, would make little effort to disguise their disdain for beginners as they weaved effortlessly and at extreme speed... 

Iconic Joburg ice rink being transformed into television production hub

By: David Oliveira     2nd December 2016 The Sky Rink atop the Carlton Centre’s parking lot in downtown Johannesburg always had something of an edge to it. Experienced ice-skaters, often with a cigarette in their mouths, would make little effort to disguise their disdain for beginners as they weaved effortlessly, and at extreme speed,... 

Proposed standards for vegetable oil for use in transformers problematic – engineer

By: Schalk Burger     2nd December 2016 The standards proposed for the production of vegetable oils to use as electricity transformer oil are unnecessary, and prevent the inclusion of smaller producers who stand to benefit most and provide the greatest number of new employment opportunities, says retired chemical engineer John... 

Bushveld Minerals edging closer to goals

By: Megan van Wyngaardt     29th November 2016 JOHANNESBURG (miningweekly.com) – Owing to the conclusion of fundamental partnerships in the six months to August 30, diversified miner Bushveld Minerals is progressing towards its goal of becoming a global integrated vanadium producer. CEO Fortune Mojapelo said on Tuesday said that one such... 

Exxaro outlines new BEE deal, R3.5bn share repurchase scheme

By: Ilan Solomons     23rd November 2016 Diversified miner Exxaro Resources will put in place a new black economic empowerment (BEE) scheme once the unwinding of its existing BEE agreement has been completed. Since its establishment in 2006, Exxaro’s BEE partner has been Main Street 333 (MS333), which owns 50.19% of the issued ordinary... 

Futuregrowth lifts DBSA lending suspension

By: Terence Creamer     21st November 2016 The Development Bank of Southern Africa (DBSA) has become the third public entity to confirm that Futuregrowth Asset Management has lifted a lending suspension imposed on it and five other State-owned companies (SoCs) earlier in the year. On August 31, Futuregrowth announced that, owing to... 

Survival of steel construction industry top priority

By: Simone Liedtke     18th November 2016 This year, the Southern African Institute of Steel Construction’s (Saisc’s) focus has been on ensuring that steelwork is sourced locally to save the local steel industry. 

Effective construction materials delivered to Dukathole project

By: Kimberley Smuts     11th November 2016 Concrete brick, block and paving machinery manufacturer Pan Mixers South Africa (PMSA) supplied a new PMSA VB4X plant to Dukathole Brickworks, in the Eastern Cape, that will manufacture M9, M6, M4, Maxi, Stockbricks, 80 mm paving, 60 mm paving and 50 mm paving for the project. The company details... 

Africa House publishes exporter finance support guide

By: Natasha Odendaal     9th November 2016 Africa House and Spoke Consulting on Wednesday unveiled a new information document outlining the financial instruments available to South African exporters to unlock their competitive edge in Africa. The new ‘Finance Compendium: Guideline of Funding and Investment Support for South African... 

Transnet to terminate Trillian relationship, seeks Futuregrowth apology  

By: Terence Creamer     7th November 2016 State-owned logistics group Transnet will be terminating its relationship with both Trillian Capital and Regiments Capital in light of the current fallout surrounding the two companies – developments that are reflected in the Public Protector’s ‘State of Capture’ report and is currently also the... 

Futuregrowth lifts lending suspension on IDC

By: Terence Creamer     7th November 2016 The Industrial Development Corporation (IDC) reported on Monday that Futuregrowth Asset Management’s suspension of lending activities to the State-owned development financier had been lifted with immediate effect. On August 31, Futuregrowth announced that it was freezing all lending to the IDC,... 

Kumba announces new board members

By: Anine Kilian     31st October 2016 JSE-listed iron-ore major Kumba Iron Ore has appointed two new nonexecutive directors to the board, effective November 1. In a statement released Monday, Kumba noted that it had appointed Nonkululeko Dlamini full director. Dlamini is the shareholder representative of the Industrial Development... 

BAIC vehicle manufacturing plant project, South Africa

By: Sheila Barradas     28th October 2016 The site on which the first new car-manufacturing facility in South Africa to be built in 40 years is ready for construction. 

Government incentives under review

By: Anine Kilian     26th October 2016 The 2016 Medium-Term Budget Policy Statement (MTBPS), which was tabled by Finance Minister Pravin Gordhan on Wednesday, indicates that various government incentive programmes are being reviewed. “Given increased pressures on the fiscus, these incentives, including direct transfers, tax and tariff... 

Eskom, IDC study use of vegetable oils in utility transformers

By: Schalk Burger     21st October 2016 Power utility Eskom and the Industrial Development Corporation (IDC) signed a memorandum of agreement at a technical workshop at the Eskom Academy of Learning, in Midrand, in September to complete feasibility studies to enable the adoption and use of natural esters, or vegetable oils, as... 

First local seed selection to take place at Project Solaris 

By: Anine Kilian     14th October 2016 South African seed selection for research and development company Sunchem’s solaris crop – a nicotine-free tobacco variety that yields significant amounts of sustainable oil for biojet fuel feedstock – has started taking place locally for the first time since the launch of Project Solaris in... 

First
Prev
1
2 3 4 5 6 7 8 9 Next Last

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
Subscribe Now for $119 Close