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Get your house in order, MPs tell Transnet

By: Reuters     17th August 2018 Parliament's watchdog on public account on Friday said it had instructed the Transnet board and management to curb graft at the State-owned company. "The Standing Committee on Public Accounts (Scopa) has told the Transnet Board and management to stop the looting because the business is able to... 

Mining industry reaffirms commitment to safety with campaign launch

By: Simone Liedtke     17th August 2018 The Minerals Council South Africa (MCSA), previously known as the Chamber of Mines, on Friday launched its National Day of Safety and Health in Mining 2018, which will see 66 MCSA member companies hosting safety and health days at each of their operations in the next month. The launch of the... 

Afraid of no-one and ready for a long strike, union leader tells Implats

By: Reuters     17th August 2018 Members of South Africa's AMCU mining union are ready to strike for a year if necessary and would bring the platinum belt to a standstill if Impala Platinum carries out plans to cut up to 13 400 jobs, the union's president said on Thursday. Joseph Mathunjwa, who led a five-month strike in 2014,... 

Gold Fields advances projects to ‘underwrite a better future’

By: Simone Liedtke     17th August 2018 NYSE- and JSE-listed Gold Fields aims to continue building new projects that will “underwrite a better future for [the miner] in terms of a longer life at lower costs”. This, CEO Nick Holland said during a conference call on Thursday, is particularly important, given the volatility of the gold... 

Company offers paper alternative to wooden and plastic pallets

17th August 2018 Transport packaging company Kimmo is driving the industry to switch to paper pallets as alternatives to the usual wooden and plastic pallets.  The company manufactures paper pallets using honeycomb fibreboard in South Africa. According to the founder of Kimmo Jan Vreken, he discovered honeycomb... 

Biojet feasibility project under way

By: Paige Müller     17th August 2018 The Waste to Wing feasibility project, aimed at ascertaining the viability of waste-based sustainable aviation biofuel production and consumption in South Africa, is under way, says nature conservation organisation World Wide Fund for Nature South Africa (WWF-SA). WWF-SA bioenergy programme... 

Opportunities for growth, innovation for steel

By: Tasneem Bulbulia     17th August 2018 Despite the challenging period that the steel industry is facing, with the difficult economic climate and policy issues, progress is being made within the industry in terms of projects, and current developments present much scope for further growth and innovation. This was the sentiment conveyed... 

Sizakele Marutlulle

17th August 2018 This week we feature Sizakele Marutlulle, founder and CEO of Marutlulle & Co, a business strategy and 'ideation' company   

Budget airline continues to refine its service and aircraft mix

By: Rebecca Campbell     17th August 2018 Pan-African low cost carrier Fastjet (which operates under the brand fastjet) is continuing its programme of optimising its services, routes, and fleet, to restore its financial health, ensure it becomes a sustainable going concern, and thereafter achieve consistent profitability. “As a... 

Icon of SA engineering passes away at 97

By: Creamer Media Reporter      17th August 2018 ICON OF SA ENGINEERING PASSES AWAY AT 97 South Africa’s ‘grating man’ Andrew Mentis, founder of steel floor grating specialist Andrew Mentis (Pty) Ltd, passed away on 17 June 2018 in Johannesburg at the age of 97, four days before he would have turned 98. 

Gold Fields remains in ‘strong’ financial position, despite $367m loss, says Holland

By: Simone Liedtke     16th August 2018 Despite attributable losses from continuing operations for the six-month period ended June 30, of $367-million or $0.45 a share, CEO Nick Holland maintains that the NYSE- and JSE-listed Gold Fields remains in a strong financial position. Holland further noted on Thursday that the integrity of the... 

Grootegeluk boosts Exxaro’s H1 coal output

By: Marleny Arnoldi     16th August 2018 Diversified miner Exxaro Resources’ coal production volumes for the six months to June 30 increased by 7%, or 1.5-million tonnes, compared with that of the second half of 2017. The company on Thursday attributed the increase in overall output to higher production volumes at the company’s... 

Rothdene pumpstation upgrade allows municipality to accommodate growth in area 

16th August 2018 Following the completion of the Rothdene Pump Station at the end of June, the project aims to provide the Midvaal Municipality with an opportunity to start several housing and social developments in the area. Simone Liedtke tells us more. 

Mantashe blames Gold Fields bosses for mine woes

By: Reuters     16th August 2018 Gold Fields' plan to cut jobs at its struggling South African mine fails to address "poor management", Mining Minister Gwede Mantashe said on Thursday, piling pressure on CE Nick Holland. Gold Fields, which is due to report half-year results later, said this week it would cut 1 100 permanent jobs... 

Orion turbocharges Prieska study

By: Martin Creamer     15th August 2018 The Sydney- and Johannesburg-listed exploration and development company Orion Minerals, which is developing a zinc and copper project at Prieska in the Northern Cape, on Wednesday announced the second tranche of its two-tranche share issuance to raise $7.86-million. The total $11-million capital... 

Tiger Brands class action lawsuits combined into one certification application

By: Marleny Arnoldi     14th August 2018 The attorneys acting on behalf of the different applicants in two separate listeriosis class action lawsuits against Tiger Brands over the listeriosis outbreak have agreed to combine the lawsuits into a single certification application. Tiger Brands on Tuesday said its legal representatives... 

City of Joburg makes 71 inner city properties available for private sector development

By: Marleny Arnoldi     14th August 2018 Johannesburg executive mayor Herman Mashaba has declared Johannesburg’s inner city open for business by putting 71 properties out to tender for private sector development into mixed-income housing, student accommodation and small business rental space. This forms part of City of Joburg’s inner... 

Rand rebounds two percent as Turkey-led rout eases

By: Reuters     14th August 2018 South Africa's rand gained more than 2% on Tuesday, bouncing off a two-year low struck a day before, when investors dumped emerging market assets because of fears over the Turkish economy. At 0705 GMT, the rand traded at 14.0800 versus the dollar, around 2.3% stronger on the day and more than 11%... 

Minister decries Gold Fields’ job-cut plan at cash-burning South Deep

By: Martin Creamer     14th August 2018 They say South Deep will be the last gold mine standing, but every report coming out of it indicates that it is an extremely hard nut to crack, with production hopelessly below guidance. Since 2006, Gold Fields has pumped R32-billion into South Deep without even breaking even, let alone making a... 

South African manufacturing sector set to grow

13th August 2018 If recent investments in the manufacturing industry are indicative of the trend going forwards, then the future is looking bright for this often beleaguered market sector. In addition, the South African government recently announced that it was embarking on an offensive to attract $100-billion... 

Randgold looking across the Atlantic

By: Martin Creamer     10th August 2018 African gold mining company Randgold Resources is looking across the Atlantic along the northern edge of South America, which effectively hosts the same geology as West Africa, where the London-listed company has its biggest gold-mining base. This is in addition to intensifying exploration... 

Government considering ban on microbeads after Gauteng drinking water is found to be contaminated

By: News24Wire      10th August 2018 The government has set up a task team to look at imposing a total ban on microbeads – the tiny plastic beads used in cosmetics, toothpaste and sandblasting. This comes after a Water Research Commission study found microplastic pollution in tap water in Johannesburg and Tshwane, as well as in all... 

Ongoing waterproofing for Innovation Hub campus

By: Jessica Oosthuizen     10th August 2018 Speciality chemicals manufacturer a.b.e. Construction Chemicals continues to provide large volumes of polyurea coating for the waterproofing of an expansive roof of one of the Innovation Hub campus’ new buildings in Gaborone, Botswana. The project is expected to be completed by the end of the... 

Company appoints resellers to install sealing systems

By: Jessica Oosthuizen     10th August 2018 Distributor and maintenance contractor Southern Africa Master Distributors (SAMD), which is the Africa representative for sealing solutions provider Beele Engineering, has trained and appointed resellers in key industries to install Beele Engineering products, says SAMD sales and marketing... 

Tipping point?

By: Terence Creamer     10th August 2018 The dust has well and truly settled on of the tenth Brics summit, hosted in Johannesburg last month. While the event was generally viewed as positive from a South African perspective, it failed to capture the popular imagination. Most public interest centred on whether Russia’s strongman... 

Govt moving to accelerate measures to boost township economy

By: Sydney Majoko     10th August 2018 One of the most frustrating realities of government operations is the red tape that entrepreneurs experience when they seek assistance. The slow wheels of government-led initiatives tend to drive many entrepreneurs to despair before they even embark on the first step of their economic endeavours.... 

Space agencies of South Africa and India strengthen cooperation

By: Rebecca Campbell     10th August 2018 The South African National Space Agency (Sansa) and the Indian Space Research Organisation (ISRO) formalised their relationship by signing a Memorandum of Understanding on the fringes of the recent Brics Summit in Johannesburg. (Brics is the alignment between Brazil, Russia, India, China, and... 

Should we worry about Chinese generosity?

By: Martin Zhuwakinyu     10th August 2018 Back in March, former US Secretary of State Rex Tillerson became the umpteenth Western big gun to urge Africans to beware of Chinese generosity on the continent, which has taken the form of freebies such as the African Union headquarters in Addis Abba, Ethiopia – built at a cost of $200-million... 

Do-it-yourself works for Pratley as it turns 70

By: Schalk Burger     10th August 2018 Full control over raw-material sources, production and packaging, as well as the in-house expertise that this stimulates, enables the Pratley group of companies to develop innovative products, ensure quality control and grow, says Pratley CEO Kim Pratley. The company, which produces a well-known... 

Jennifer Retief

10th August 2018 This week we profile Jennifer Retief, CEO of Riversands Incubation Hub, which helps to grow and develop black-owned small businesses   

Glencore closing in on oil deal, transacting with Eskom

By: Martin Creamer     8th August 2018 The local downstream oil investments of diversified mining and marketing company Glencore are expected to be concluded in the near future. Talking during a media conference after the Johannesburg- and London-listed company posted outstanding half-year results that won analyst applause, Glencore... 

Unctad, Alibaba say Africa is ripe for e-commerce opportunities

By: Marleny Arnoldi     8th August 2018 Across Africa, e-commerce platforms flanked by payments, logistics, tourism and big data partners, are beginning to lift local economies, says e-commerce giant Alibaba’s Business School and the United Nations Conference on Trade and Development (Unctad), which co-hosted the Netrepreneurs: The... 

JRA reopens expanded asphalt plant to better meet city’s infrastructure needs

By: Simone Liedtke     8th August 2018 As part of its commitment to bringing real change to communities, the Johannesburg Road Agency (JRA) on Wednesday relaunched its asphalt plant, in Ophirton, Johannesburg. The plant, which was first built in 1965, had to be refurbished to ensure it meets air quality requirements. 

Glencore darts ahead of diversified rivals

By: Martin Creamer     8th August 2018 The strength of the business model and commodity mix of mining and marketing company Glencore has been demonstrated once again by sharp increases in earnings and net income in the six months to June 30. The earnings before interest, taxes, depreciation and amortisation (Ebitda) of the 146... 

Development continues at Waterfall City 

8th August 2018 From Creamer Media in Johannesburg, this is the Real Economy Report. Sashnee Moodley: Construction and development of JSE-listed Attacq’s Waterfall City is ongoing, with new infrastructure including roads, residential properties and warehouses continuously in the pipeline. Anine Kilian tells us... 

AB InBev to build new brewery in fast-growing Mozambique

By: Reuters     8th August 2018 Anheuser-Busch InBev, the world's biggest brewer, will start building a more than two-million hectolitre a year brewery in Mozambique in the second half of next year, the company's Africa head said on Tuesday. The Mozambique investment will look to fend off competition from rival Heineken, which... 

Celebrating the women of the Engen Knockout Challenge

By: Creamer Media Reporter      8th August 2018 Women are making their mark in football officiating in South Africa.   As we enter Women’s Month, the role of women in football was highlighted when the South African Football Association (SAFA) recently appointed its first female vice-president, Ria Ledwaba, and the Premier Soccer League (PSL)... 

Engen Pitch & Polish continues to advance entrepreneurs

By: Creamer Media Reporter      8th August 2018 Engen believes that entrepreneurship and an entrepreneurial culture are crucial to South Africa’s sustainable economic and social development. This is why the petroleum giant is again a proud partner and the headline sponsor of the 2018 Engen Pitch & Polish, powered by Raizcorp.   It is the ninth... 

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